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14 February 2025 | 10 replies
I will check out the evens page to see if there are any upcoming in my area.
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18 February 2025 | 8 replies
I’ve currently got a 3/3 and generally there’s 2 of us living here but when my daughter and family come visit, 5-6 people having even more than 3 bathrooms would be a plus.
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18 February 2025 | 7 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).
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5 February 2025 | 17 replies
Reality is the seller is likely okay with breaking even, but I don't even offer that.
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7 February 2025 | 49 replies
Fairfax county virginia is very different than Montgomery county maryland even though they are right next door to each other and most do business in both.
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11 February 2025 | 5 replies
I can't even access all of my old property reports that I created with the calculator in the past couple months without upgrading to BP Pro.
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4 February 2025 | 10 replies
With this in mind, if you intend to leverage short-term debt (hard money), it's even more vital that your underwriting is thorough and that you have the correct systems in place to tackle potential issues.
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6 February 2025 | 0 replies
Curious if anyone else is using AI for real estate marketing—whether for video, staging, or even writing listing descriptions.
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5 February 2025 | 9 replies
It's mostly a joke.I think it did good - the influencer who opines regularly on cap rates, interest rates, the Fed, inflation, and is generally an economist, or even a bit of a philosopher, probably does alright!
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11 February 2025 | 5 replies
Seems like it should even if the sq. footage of the ADU isn't included.