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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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14 January 2025 | 25 replies
I also prefer to screen the guests and set my own price/stay restrictions.
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17 January 2025 | 22 replies
(This is the tip of the iceberg; I would prefer to chat with members than fire lengthy messages back and forth.)1.
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14 January 2025 | 27 replies
Cheap materials, thin walls, the LVP was peeling already not to mention the transient individuals in the parking lot.
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16 January 2025 | 9 replies
The PMC I left to start my own PMC had at least 2 "preferred contractors" related to key players in the office so high rates and poor service fell on deaf ears.
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4 January 2025 | 4 replies
I’m waiting to hear back from a city representative to see if it’s possible to divide the lot into multiple lots and put a mobile home on each lot.Once the land is paid off and divided, is it possible to use each lot as collateral for its individual mobile home?
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5 February 2025 | 29 replies
Obviously, there are people that would prefer to buy turkey properties than other types of properties, otherwise turnkey companies wouldn't exist.
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6 January 2025 | 1 reply
Best you can do is individually pull title on properties.
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10 January 2025 | 2 replies
I absolutely prefer renewals.
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14 January 2025 | 3 replies
Keep at it because the way you talk and your analysis preference + being good with people is the key to what you want to do.