15 May 2024 | 8 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 = 1.23As mentioned earlier in the post, DSCR lenders generally let you vest either individually or as an LLC.

15 May 2024 | 6 replies
A lawn service will also be able to validate your claim that the tenant is not watering appropriately, making the fee of neglect all that more legitimate.

15 May 2024 | 9 replies
If you decide to use him for your services maybe it is worth negotiating him to a lower fee for coordinating the transaction and doing the paperwork.

13 May 2024 | 19 replies
Arguably, McDonalds could have charged much higher franchise fees and ended up in the same place financially.

14 May 2024 | 2 replies
Hey Jesse,Partner with a lender that will finance assignment fee's, they will have your buyers.

14 May 2024 | 1 reply
Seeking guidance on:- Filter Criteria: Key factors for evaluating multifamily properties in Ohio?

15 May 2024 | 3 replies
We would ask about why they were in town (since we were not a major travel area), and we would decline any suspicious stays (i.e. had someone ask about waiving the cleaning fee because they "were not going to sleep" there with their one night stay.)

14 May 2024 | 5 replies
I would prefer to self manage to avoid the high poperty management fees (I think its around 10% + 1 month leasing fee, etc.) and I also worry that the property manager will likely not be as dilligent in finding high quality affordable vendors, etc.I see 4 major pieces of work1) Tenant finding: I feel comfortable doing this remotely.

14 May 2024 | 17 replies
It depends on a lot of different factors!

15 May 2024 | 7 replies
I thought Antoine and Angelica from his team were helpful and I loved how the property already came with a tenant so I didn't have to pay the prop. manager one month's rent fee!