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30 January 2025 | 8 replies
While these technically exist, these are typically difficult to execute and are very expensive.
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14 February 2025 | 5 replies
AL has the second lowest property tax rate in the US allowing you to keep your operating expenses at a minimum.
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23 February 2025 | 10 replies
I wish I read it two years ago when I signed up for the protege program.since then, I have paid $10k in lump sum and keep paying $200 monthly to access the platform.
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18 February 2025 | 9 replies
Ensure your projected cash flow covers expenses, including higher insurance and management fees.If you have anymore questions, shoot me a DM or email!
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14 February 2025 | 15 replies
@Dana Boyd our water is paid through the HOA where the cabin is located.
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18 February 2025 | 9 replies
This type of financing is more expensive and harder to get then 1-4 unit.
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18 February 2025 | 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 = 1.23If 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).
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19 January 2025 | 41 replies
I rented a furnished home in Las Vegas, NV, to a fully screened tenant. I used the standard Nevada Residential Lease Agreement from the Greater Las Vegas Association of Realtors. I had to add an addendum for the home...
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31 January 2025 | 11 replies
I obviously want to get the best tax benefits and write off the expenses for the house and repairs I have done.
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1 February 2025 | 5 replies
Propane is seemingly less expensive in most areas and provides good heat.