Allen Masry
what happens to 500k
23 January 2025 | 26 replies
This would include doing mainly flips so i can get a solid return from that money or possibly even doing private money lending.
Alecia Loveless
Is Anyone Marketing their Rental Business on Socials?
31 January 2025 | 4 replies
., I think there's a lot to building a "community" like feel for your tenants that may include events, giveaways, etc., to get them to engage with you and elevate their living experience.
Johnathan Cummings
Buying portfolio and then selling off a portion to recoup investment?
22 January 2025 | 2 replies
If your client is planning to use a loan to purchase the portfolio, they should be aware that many lenders include prepayment penalties or restrictions when properties in a portfolio are sold off individually.
Tara Jenkins
The Cycling Mermaid
30 January 2025 | 1 reply
I also worked with a great lender who helped navigate financing options, including my HELOC, to make the deal happen.
Brad Roche
FHA 203(k) vs. Fannie Mae Homestyle Renovation Loan
13 January 2025 | 5 replies
They allow you to include up to 6 months of rent payments in the loan if you are unable to occupy the premises during the renovation.Just to be complete, it's also worth mentioning that both the VA and USDA have renovation loans.
Renee Tan
How can I learn Yardi?
16 January 2025 | 9 replies
I hate to say this, but if you want to get a job with Yardi as the main software, you will need to start at the entry-level accounting.
Nathan Harden
Expanding to Akron, looking for advice
17 January 2025 | 21 replies
North Linden, South of Main, Vassor Village, Woodland Park, MT Vernon, Milo-Grogan, Franklinton, Merrion Village, Hungarian Village, Southern Orchards, Driving Park, Olde Towne East, Franklin Park, King Lincoln, Old Oaks, Livingston Park are all but not limited to some areas in Columbus, Ohio I think will gentrify quickly and make for great long term buy and holds.This helps greatly.thanks!
Khyree Randall
Wholesaling around a 9-5
29 January 2025 | 5 replies
It essentially includes having a buyer for a specific property BEFORE entering in a contract with a seller.
Lindsey Waltz
85% ltv DSCR
29 January 2025 | 7 replies
I've included an example below to help illustrate this.So different lenders have different rates (which do vary even for DSCR loans) but these are factors they all consider.See example below:DSCR < 1Principal + Interest = $1,700Taxes = $350, Insurance = $100, Association Dues = $50Total PITIA = $2200Rent = $2000DSCR = Rent/PITIA = 2000/2200 = 0.91Since the DSCR is 0.91, we know the expenses are greater than the income of the property.DSCR >1Principal + Interest = $1,500Taxes = $250, Insurance = $100, Association Dues = $25Total PITIA = $1875 Rent = $2300DSCR = Rent/PITIA = 2300/1875 = 1.23If a purchase, you also generally need reserves / savings to show you have 3-6 month payments of PITIA (principal / interest (mortgage payment), property taxes and insurance and HOA (if applicable).
Jessica Young
HOA votes to bylaws change bans smoking but a renters' lease
29 January 2025 | 5 replies
I'm not sure why "within the unit" is not being interpreted to include the balcony.