Julian Martinez
Biggest & Best House in C- Neighborhood - Sell or Keep as Rental?
7 December 2024 | 4 replies
@Julian Martinez woo, that window wall definitely has a wow factor.
Terrance Jordan
What's Your Top Priority When Selling Your Home—Timing, Price, or Something Else?
3 December 2024 | 1 reply
What’s the most important factor for you when deciding how to move forward with selling your home—timing, price, or something else entirely?
Julio Gonzalez
Streamlining Multiple Real Estate Services
4 December 2024 | 0 replies
There are a multitude of factors that come into play such as the type of property and its location, and the structure of your investment portfolio.
Dan McDermott
Got experience with mixed use in smaller towns?
3 December 2024 | 4 replies
I've got a couple of soft factor questions I'm not sure how to analyze and would love to speak to a few of you more experienced types!
Guenevere F.
Is $23k Liquid Reasonable to Start Section 8 Investing in OH?
6 December 2024 | 27 replies
Given your experience managing 138 doors, you already have a significant advantage in understanding tenant needs, property maintenance, and financial planning.Key tips:Focus on personal finances: Keep building excellent credit and maintaining healthy reserves.Financing: Explore loan options like conventional, or DSCR loans to maximize your purchasing power.Location: Research neighborhoods with strong Section 8 demand and landlord-friendly regulations.Due diligence: Analyze properties carefully, factoring in rehab costs, property management, and cash flow potential.Your expertise and willingness to learn put you in a strong position—best of luck!
Raj Vardhan
Cash out Refi
9 December 2024 | 16 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).
Nicholas Dillon
What calculation can I use to determine if a cash out refinance is a good idea?
5 December 2024 | 6 replies
The length of time you're carrying debt is a factor to consider.
Roberto Kattan
Buying investment property in Rochester NY
3 December 2024 | 40 replies
I factor in 5% vacancy, 5 % cap ex, and maybe $1600 lawncare and maintenance for all 4 properties.
Sam Chainani
Buying defaulted mortgage notes directly from banks
17 December 2024 | 42 replies
If you're happy with getting a note on ANY house in FL you might have more luck, but then you don't have as much control over the condition of the property or its location if those are important factors to you.
Maya S.
Refinancing a NNN
7 December 2024 | 35 replies
Other factors such as the quality of the tenant, and location will also determine the value you can get.