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30 January 2025 | 0 replies
One powerful tool that can help investors secure better loan terms is asset utilization—especially when the DSCR (Debt-Service Coverage Ratio) is under 1.🔹 How It Works:If your rental income falls short of covering your mortgage (PITI), you can use liquid assets to supplement your income.
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5 February 2025 | 16 replies
You CAN limit that agreement to a specific property; but, as others have stated, agents are looking for a certain amount of loyalty from their clients.If an agent gets vibes from a prospective client that indicates that they want to cheapskate and not pay a professional for their service, they are not likely to waste their time with them.
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20 January 2025 | 12 replies
Also a lot of services were very cheap compared to what I was used to I would buy there again in a heart beat.
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7 February 2025 | 49 replies
So you would spend around $25-$30k a month (this was 15 years ago) on police details and require union gate and non union gate if you had non union workforce as well.In DC area, the utility providers are a huge challenge, whether getting permanent power, or water/sewer service etc - good luck.
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3 February 2025 | 56 replies
Good luck Total Rents Collected: $23,025/mo Debt Service: $12,358/mo (sad for me. 8% interest rates lol) Property Management 10%: $2,303/moReserves (Vacancy 5%, Maintenance 10%): $3,454/moPhantom Cash Flow: $8,365/moTrue Cash Flow: $4,911/mo (Money I can legit burn) bob as you probably know I owned a few hundred of these types of homes from DetroitCleveland to Jackson ms Birmingham balt city etc etc.
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31 January 2025 | 121 replies
@Bonnie Low - it's important to know what services you're paying for.
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10 February 2025 | 29 replies
The employee was previously working for MCT Diversified Services whose owner is Chuck Tomei.
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25 January 2025 | 17 replies
If you decide to join, take their claims with a pinch of salt and conduct your own due diligence.My experience has not been positive so far, but I am hoping for improvements in the future.
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25 January 2025 | 1 reply
They would be putting in some money and their service as sweat equity, and we would be putting up money and my wife’s services.
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6 February 2025 | 29 replies
What you want to ask is if they are a direct lender funding and servicing your loan