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11 November 2024 | 2 replies
Property taxes and insurance can vary wildly depending on the location in SC - there really isn't a rule of thumb or generic figure that can be used.
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21 November 2024 | 39 replies
Because it assists in the first degree of action, not being a ready target.
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13 November 2024 | 8 replies
These tenants tend to be reliable and respectful of the space—often more so than the varied guest pool with short-term rentals.
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14 November 2024 | 22 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).
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11 November 2024 | 9 replies
Does it vary depending on property type and unit count (SFR vs Multifamily, vacation rentals vs. long-term rentals)?
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13 November 2024 | 12 replies
However, the specific comps can vary and its hard to make it a perfect apples to apples comparison.
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14 November 2024 | 13 replies
To state that a broker cost more than a lender is false and can vary based on institution.
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11 November 2024 | 11 replies
I will soon graduate college with a degree in finance and accounting, I hold a PMP certification along with a few others and plan to work on my real estate license and maybe in the next couple years obtain a residential contactor license.
10 November 2024 | 1 reply
Wynd detectors are usually good for air quality, their effectiveness specifically for detecting marijuana smoke can vary, as they aren’t designed solely for this purpose.
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20 November 2024 | 37 replies
Run scenarios with 2%, 4%, and 6% annual appreciation to see how your returns might vary.