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7 January 2025 | 0 replies
This property will require a pool to fully optimize its earning potential, and I've already factored that into my calculations.
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20 January 2025 | 14 replies
Deal analysis is a huge factor and takes practice.
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22 January 2025 | 12 replies
Your relo benefits will likely govern this decision more than other factors.
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31 December 2024 | 5 replies
Beautiful renovation and design choices!
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19 January 2025 | 9 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 = 1.23DSCR lenders generally let you vest either individually or as an LLC.
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27 January 2025 | 48 replies
Factor 8%-10% for a reliable property manager (use AllPropertyManagement.com).After that, you're golden.
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17 January 2025 | 16 replies
It's not my biggest concern, but it is a factor.
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7 January 2025 | 8 replies
It could be some sort of skill set for renovations, design for furnished rentals, specific market knowledge, owner occupied loan products for a house hack, etc.
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7 January 2025 | 22 replies
@Breeya JohnsonWhen evaluating markets for real estate investment, there are several crucial factors to consider.
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7 January 2025 | 11 replies
So I picked up a few books which includes, "The Book on Investing In Real Estate With No (and Low) Money Down," and "The Book on Rental Property Investing," both by Brandon Turner, which introduced me to the BiggerPockets community.With a decade of experience in property management under my belt, along with my property management certifications and an NC real estate broker’s license (with Broker-In-Charge designation), I’m eager to leverage my background to secure long-term financial stability for my family.