
26 May 2024 | 1 reply
It depends on a lot of factors, but generally speaking, I like the shores and Marion oaks.

27 May 2024 | 11 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).

26 May 2024 | 16 replies
As mentioned previously, some HOA's charge a fee every time you rent and this could influence your bottom line.
27 May 2024 | 2 replies
If your LLC earns a profit on fees it earns from property management you will owe self-employment tax.

27 May 2024 | 22 replies
I haven’t gotten to a point of testing environmental factors or having a Perc test done yet, because...

27 May 2024 | 28 replies
Factor it in to your costs.3.

26 May 2024 | 102 replies
Are they waiving their fees ?

28 May 2024 | 26 replies
I know a few people who filed bankruptcy to stop an HOA foreclosure when they were foreclosed for non payment of fees, fines and court costs associated with non compliance issues.

27 May 2024 | 1 reply
So, the first question they usually ask a PMC is about fees - instead of asking about services and HOW those services are executed.EXAMPLE: PMC states they will handle tenant screening – what does that specifically mean?

28 May 2024 | 26 replies
In any event some lenders will count up to 75% of gross rents as income while recording mortgage, taxes, insurance, HOA fees as "front-end" debt payments.