
4 May 2024 | 7 replies
Ultimately, depending on which return metrics you are using, a refi will leave:Equity multiple: unchangedCash on Cash during hold: higherSale Profit: LowerOverall average return: unchangedInternal Rate of Return: Higher

4 May 2024 | 10 replies
And you pay an annual "lot lease" to the park that can range from $4,000 - $12,000+ depending on the size and location of your property.

5 May 2024 | 8 replies
Depending on where your target audience hangs out, you might need different solutions.
3 May 2024 | 8 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.

3 May 2024 | 2 replies
There are set fees like any grantors tax, HOA disclosure package, then fees that vary, like settlement fee, deed prep, prorated real estate taxes, commissions, closing cost assistance requested in contract, etc.

4 May 2024 | 3 replies
Also it really depends on the type of "commercial property" you have.

4 May 2024 | 4 replies
Depends perhaps on where you are, but most of the good real estate attorneys I know in Texas recommend against using Contract for Deed.

4 May 2024 | 6 replies
You might need to flip this to a "flip" or "renovation" loan depending upon the circumstance.

2 May 2024 | 4 replies
That is kind of complicated, depending on the scope of the project.

4 May 2024 | 3 replies
It is located in a desirable area (Pembroke Pines, Fl), that averages rents from $2990-to $3600 depending on amenities.