
2 September 2024 | 5 replies
@Antonio IglesiasHouse hacking involves purchasing multi-family properties, living in one unit, and renting out others to offset mortgage payments and build wealth over time.

2 September 2024 | 5 replies
And then there’s the real estate which you could purchase or lease to save in cash.

1 September 2024 | 2 replies
I seem to remember that in the offer or purchase agreement the seller's reimbursement cannot be explicitly labeled as reimbursement for the buyer's commission.

2 September 2024 | 10 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).

1 September 2024 | 8 replies
For illustration purposes the cheaper Delta fixtures most investors purchase at Home Depot or Lowes aren't sold at plumbing supply stores because Delta licenses these less expensive options exclusively to the big box stores (same is true for other manufacturers as well).

28 August 2024 | 23 replies
Hi Everyone, the seller is asking a quick closing on a cash purchase, and want to stay back after closing for another 30 days.

28 August 2024 | 7 replies
I just purchased my first investment duplex at the beginning of this month.

2 September 2024 | 11 replies
The only way to purchase in a LLC is to go with a DSCR loan.

1 September 2024 | 3 replies
The main issue is, since I'm using VA benefits to purchase these properties, I have to live in them, and because of this, they have to meet a threshold of what my family is willing to accept.

1 September 2024 | 0 replies
Purchase price: $2,000,000 Cash invested: $200,000 Acquired 35 doors.