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8 January 2025 | 6 replies
Any help is much appreciated - obviously a short term rental would be ideal, but it looks like thats out the question for now.
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14 January 2025 | 18 replies
Ideally would be purchasing some land out there & using our building background to do something unique.
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2 January 2025 | 12 replies
First time STR host here. My property is located in a C+/B- neighborhood has the following landmarks nearby: -1.5 miles from a major university with a popular D1 NCAA college basketball team-1.5 miles from a children'...
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9 January 2025 | 13 replies
I would like to connect with like minded individuals.
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19 January 2025 | 9 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 = 1.23DSCR lenders generally let you vest either individually or as an LLC.
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19 February 2025 | 88 replies
That's also not a deterrent to REI...and it never was, and never will be.The real key comes down to analyzing markets, and not just individual properties.
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30 January 2025 | 62 replies
$100,000 fine for any company per individual employing illegal aliens.
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11 February 2025 | 1681 replies
Definitely "Company 1" is Morris Invest and "Individual 1" is Clayton Morris.
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9 January 2025 | 6 replies
We can also lend to both individuals and LLCs.I'd be happy to share my experience as both an investor and as a lender.
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15 January 2025 | 11 replies
I believe sometimes a bad experience is more reflective of the individual than the company.