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5 August 2024 | 16 replies
Hi Carlo,As mentioned DSCR loans vary widely based off of numerous factors, credit, LTV, Prepay type, DSCR Ratio, just to name a few.However, I am seeing rates as low as 6.625% now on DSCR products in a perfect scenario.In scenarios with low credit scores, high LTV's and short prepays we can easily be in the 9's.When looking for a DSCR loan to fit your needs, I recommend getting in touch with someone who knows what they are doing to pencil the loan in your best interest.Glad to connect and get into more detail!
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4 August 2024 | 4 replies
Great advice, hadn’t looked at it from that angle.
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5 August 2024 | 3 replies
using the bank to agree to a set amount of stock that they will accept as adequate and that negates the wide swings you talk of.
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4 August 2024 | 2 replies
This is for a single wide on land as true real estate.
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19 August 2024 | 3705 replies
If you can work that angle you should find tenants pretty easily.
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6 August 2024 | 29 replies
Thanks for sharing Henry, Always interesting to cover the different angles, it'd be interesting to go through each of them for a specific building to see how different they are.
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2 August 2024 | 0 replies
Purchase price: $570,000 Cash invested: $175,000 Purchased this rehab property in April for a building that is widely overlooked if you don't know the area.
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2 August 2024 | 2 replies
This figure includes the construction of the building but excludes land acquisition, permits, and other associated costs.Cost per Door (Unit)The cost per door, or per unit, in affordable housing projects can also vary widely based on the specifics of the project.Average Cost per Unit: Recent affordable apartment buildings built using public funds, such as Metro housing bond dollars, have cost between $412,000 and $522,000 per unit.
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2 August 2024 | 15 replies
Totally get the cost seg angle, but I'm just ready to get out of the LTR business, hence the 1031.
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9 August 2024 | 184 replies
Information is widely available.