Shayan Sameer
Seeking Advice on Real Estate Investing Strategies
12 January 2025 | 6 replies
Cost of Borrowing: Compare the interest rates and fees associated with a HELOC or cash-out refinance to the hard money loans you’ve been using.
Michelle Wang
Frustrated Massachusetts Landlord Seeking Advice on Dealing with Problematic Tenants
25 December 2024 | 12 replies
Previously the National Association of Realtors was the main lobbying force for landlords and property rights in the country.
Arun Philip
2025: How to tap into OPM
5 January 2025 | 5 replies
Try networking locally with real estate groups, investor groups, rental owner associations, a local REI, etc.
Leeling Chew
Should all tenants fill out rental application, or only the one who pays the rent?
10 January 2025 | 8 replies
Join a local landlord association.
Jacob Hrip
Best financing options for a first time investor?
9 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 = 1.23If 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).
John McKee
Don't forget to file your BOI Reports by the end of the year
27 December 2024 | 6 replies
—namely, Isaac Winkles, reporting companies for which Isaac Winkles is the beneficial owner or applicant, the National Small Business Association, and members of the National Small Business Association (as of March 1, 2024)—are not currently required to report their beneficial ownership information to FinCEN at this time.On Tuesday, December 3, 2024, in the case of Texas Top Cop Shop, Inc., et al. v.
Gabriel D. Zapata
Notice of an Independent Solar Energy Producer Contract
2 January 2025 | 4 replies
Granite, I know CA tends to see a lot of this; more than likely due to a lot of people owning Solar.My question is the owner that has a lien status associated to this Lien description (Notice of an Independent Solar Energy Producer Contract), is this a standard practice of just owning Solar (thus wasting time prospecting these individuals) or does this simply mean they (the solar company) took out a lien against the owner because the solar company is trying to collect their money.
Alice Fairbairn
Maximizing ROI: 3 Key Features to Focus on in Short-Term Rental Properties
14 January 2025 | 8 replies
Finally, short-term rentals can offer potential tax advantages, as many expenses associated with the property may be deductible.
John Friendas
$280,000 house that rents for $2,500 Worth Buying?
5 January 2025 | 7 replies
@John Friendas Without knowing the expenses and costs associated with it I can’t make an educated judgement.
John Lee
22, New to REI and looking to network and ask for advice
7 January 2025 | 20 replies
Sub30k seems to fit this bill, although I recognize there is also substantial risk associated with it when done improperly.