
28 May 2024 | 9 replies
How can I negotiate to buy a house that didn't sell at $749k on the open market, subject to the existing mortgage with cash over, seller pay the broker fee and i buy "as is, where is"?

28 May 2024 | 4 replies
Give them contact info for a local gym that has drop in fees.

28 May 2024 | 5 replies
Even if I did that, the first year itself would end up only paying for the furnishings.This might be a broad question, but here it is - with a $1,450 mortgage, insurance, taxes payment, could / would a nice 3/2 about 40 minutes north of Nashville downtown net enough to be worth it (again, my "worth it" would be netting $1,500 a month on average after mortgage, insurance, listing fees, management fees, cleaning services, etc.)?

28 May 2024 | 10 replies
Im thinking of renting out my primary which will cashflow $650 (no management fee, self manage) because of low interest rate i got it for 2% which still has 2 years before rates renew.

27 May 2024 | 19 replies
@Michael SmytheUsually 2-4% higher than the standard fee.

28 May 2024 | 0 replies
She has been worth her fee twice over, and has helped me a lot.

28 May 2024 | 0 replies
She has been worth her fee twice over, and has helped me a lot.

27 May 2024 | 7 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.

29 May 2024 | 26 replies
I did a DSCR loan the other month at 8% and $2,300 in lender fees.

29 May 2024 | 18 replies
Depreciation is tax deductibleIf you factor for deductions and account for inflation your upside on new assets is greater than the interest you will pay.