Rick Im
Discrepancies with public records
28 December 2024 | 4 replies
Functionally, it operates as a 2-story home since the downstairs area has multiple windows in each room and plenty of natural light.
J. Mitchell Bernier
Valdosta, GA Market Update
29 December 2024 | 4 replies
Rough calculations on what I need to be looking for:90k deal (purchase and renovations to get max rent)20% down = 18k from me80% bank loan at 8%, 20 yr amortization = 72k-------------------------------------------------- Here's my DSCR calculation:Calculate Net Operating Income (NOI):Monthly rent: $125040% expense ratio (taxes, insurance, repairs, vacancy) = $480NOI: $1250 - $500 = $750Calculate Monthly Mortgage Payment:Loan Amount: $75,000Interest Rate: 8% per year (0.08/12 = 0.006667 monthly)Loan Term: 20 years (20 * 12 = 240 months)Monthly Payment ≈ $627.83Calculate DSCR:DSCR = NOI / Monthly Mortgage PaymentDSCR = $750 / $627.83DSCR ≈ 1.20Therefore, with a $75,000 mortgage at 8% interest over 20 years, the DSCR is approximately 1.20
John Underwood
Corporate transparency act blocked nationwide
26 December 2024 | 21 replies
It blows my mind that you can actually start and operate a legitimate business in the US without telling the government (not the public) the name and address of the owner.
Derek Stevens
Valuation of unconventional and profitable STR property
26 December 2024 | 18 replies
The issue I have seen with these types of properties is they could have two valuations - the value of the real estate which the structures will have little value and you have the land the other is as an operating business just like a bed and breakfast would have - real estate has value but it operates a business now you mention 12k / month but if someone also has to manage the property what is that worth and what would someone pay to manage a property like this?
Bradley Buxton
What are the scariest things about real estate investing?
5 January 2025 | 24 replies
Buying an out of state rental property from a realtor, wholesaler or off facebook or zillow etc as opposed to from an operation or turnkey provider who has an active, substancial, and effective boots on the ground team or teams to support you after you close on the sale.
Jonathan Greene
What are your real estate investing goals for 2025?
30 December 2024 | 103 replies
Once my Oregon Project is done end of this year Move base of operation and personal residence to my home in Vegas .
Dan Grove
Looking for advise on finding private lenders
29 December 2024 | 13 replies
I know and work operators who do this all the time..
Carl Reza
No clue what to do first!
23 December 2024 | 10 replies
Therefore, your financial freedom hinges on new companies continuously moving into the city, creating replacement jobs.Companies have many options when selecting a location to set up operations.
David Putz
Lets hear what Note Servicers other Note Investors use.
2 January 2025 | 29 replies
You can check the NMLS for licensing (some servicers will operate without being properly licensed in that state).
Josh Holley
Seller won’t return EM
31 December 2024 | 97 replies
Remember that disclosure laws vary greatly by state, with roughly 50% of states operating under Caveat Emptor...which means no disclosure at all.