14 November 2024 | 5 replies
Join a local landlord association.
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13 November 2024 | 12 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 November 2024 | 111 replies
When police finally arrived the gang was all gone and police said this happens and finding them is almost impossible as they do not stay at any hotels and drive down from the Carolinas etc. to cause problems and mischief.I came back and took martial arts for decades and made it up to 3rd degree black belt.
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13 November 2024 | 23 replies
Quote from @Kyle Souza: @Jake Andronico Great to hear, my associate at MG Properties in San Diego went to SB.
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21 November 2024 | 39 replies
Because it assists in the first degree of action, not being a ready target.
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13 November 2024 | 13 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).
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/334341/small_1621444969-avatar-stellarrei.jpg?twic=v1/output=image&v=2)
12 November 2024 | 2 replies
Look for attorneys with experience in warranty claims and construction defects, or ask for referrals from local real estate groups or bar associations.
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12 November 2024 | 2 replies
I admittedly know nothing about this market or costs associated with developing/managing something like this.
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11 November 2024 | 11 replies
I will soon graduate college with a degree in finance and accounting, I hold a PMP certification along with a few others and plan to work on my real estate license and maybe in the next couple years obtain a residential contactor license.
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11 November 2024 | 12 replies
The state of Oregon and the city of Eugene both have complex and unforgiving regulations that most often favor the tenant, so it is important that you learn about these laws so that you can make strategic choices now that avoid pitfalls later.Fortunately, the Oregon Rental Housing Association at the state level and the Rental Owners Association of Lane county at the local level can provide you with excellent resources.