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19 December 2024 | 25 replies
This might make sense depending on size of rentals and # of LLCs that are required to file - need more info to help.
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18 December 2024 | 17 replies
But assuming its a stable but growing market, every dollar of Net Operating Income you are able to force is explosive to the underlying asset value.Under both of these scenarios, you do not need to syndicate as long as you don't go too big on the deal size.
16 December 2024 | 8 replies
This is too important and also sort of a personal question depending on your state and specific circumstance and I suspect not a one size fits all answer would suffice.
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16 December 2024 | 6 replies
As far as property type, for flips I like middle sized houses, 3/2 around 1500/3000 sq ft but not married to that.
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14 December 2024 | 22 replies
The ones I manage total to 20 bedrooms.These rooms rent for between $125 to $225 per week depending on room size and amenities in the room (beyond basic amenities may include: Desk, Tv, private entry, tenant controlled AC, additional storage).This month after padsplit takes their 14.25% cut of the revenue I am recieving, from the units I own, $15,230 from 3 homes.
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15 December 2024 | 18 replies
I have a few reasons for this. 1) We are both self-employed and our income is inconsistent. 2) We don't want to impact our DTI, because we are planning on buying a house hack within the next year or so.We would be open to going up to 6 units for our first property as long as it's within budget.Now that you have some context, is it possible for a rookie to use a DSCR loan on a duplex or triplex?
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20 December 2024 | 14 replies
For my clients, in every city I am set-up in I have an agent who pulls all the comps and writes up an opinion on the value based on size, area, finishes, market.
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13 December 2024 | 6 replies
If they do not qualify because of poor credit or income issues compared to being self employed etc there are differences - but typically people don’t qualify due to poor credit and people will seller finance to these borrowers thinking they woke up at a holiday inn and got a finance degree when in reality they repeat their past mistakesRemember the definition of insanity is doing the same thing over and over again expecting a different result
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13 December 2024 | 5 replies
Last questions, can't a voucher holder apply to any home of any size in their approved area?
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14 December 2024 | 13 replies
Apologize if these questions are vague, I am quite new to this.Happy to provide some of the data I have found thus far (though data online is scarce given the size of the town).Thanks!