
19 April 2024 | 20 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.

18 April 2024 | 4 replies
Most of this was done by our property manager (Neighborhood Property Management), but they have a good website (Housing Choice Vouchers), including a specific section for interested landlords.

17 April 2024 | 2 replies
This should include details about your investment strategy, expected capital injection, risk management measures, and potential ROI.Networking Events and Meetups: While leveraging online platforms, don't overlook the power of face-to-face interactions.

19 April 2024 | 7 replies
Hi Adam, Since the immediate area may not have many comparable properties, consider expanding your search radius to include neighboring areas with similar characteristics, such as proximity to amenities, major roads, and parks.
18 April 2024 | 41 replies
definitely look into private money debt funds then I appreciate that, but I have a wide range of financial products in my portfolio including quite a bit of debt funds.

17 April 2024 | 8 replies
You can always include rental expenses on your tax return if you have a rental property that is deemed in service.The question, when summing all your rental income and expenses, and you are net negative, is whether the loss can offset your other forms of income or if the losses are deemed passive and carried forward.

18 April 2024 | 87 replies
I know dozens that live overseas and all across America, including me and do all their business in the Midwest Double digit net caps are the norm.

18 April 2024 | 10 replies
Find out how long they have to contest it and at the same time tell the PM that is it their job to manage the place, so they are the ones who decided how much of the deposit to keep and should have included an itemized bill in the letter they sent.

17 April 2024 | 8 replies
I am always down to talk about real estate investing in Columbus, Ohio.I can share insights on investing on both single and multifamily properties, including out-of-state investing.

17 April 2024 | 35 replies
I tried to include their phone here but it isn't allowed.