
22 April 2024 | 5 replies
It depends on a few factors...

22 April 2024 | 15 replies
It sounds like you have a paying tenant where you occasionally make a little extra on with a late fee.

23 April 2024 | 5 replies
The worst part is that the PE guys probably lost all the LP capital (if they are big enough this is pensioners and teachers funds) but generated big fees from acquisition and management.All we can do is wait for them to be exposed and make the headlines about them ourselves, before the media does.

23 April 2024 | 8 replies
If i could chime in and help in the search:be sure to find an accountant who is willing to grow with you, and is not too high priced fee-wise.

22 April 2024 | 6 replies
I would include extensions in this offer but they would have fees attached to it.that is how i would approach it.

22 April 2024 | 0 replies
This could become the basis for taxation.There are multiple methodologies that are utilized by the tax assessor when determining a property's assessed value and which one is utilized is dependent on age, property type, region and other factors.

22 April 2024 | 10 replies
All factors being equal, doesn't it make most sense to pay off the one with the highest interest rate first(IF you were to do it)?

21 April 2024 | 25 replies
Here are the important factors to consider for a house hacker of a 2-4 unit property when using the program:NACA’s eligibility requirements consist of the following:No member of the household can have an ownership interest in any other property at the time of closing,Occupy the home over the life of the NACA mortgageParticipate in five actions and activities a year and at least one prior to NACA Qualification and one prior to closing in achieving NACA’s overall mission of economic justice; andBe willing to abide by NACA’s terms of membership, participation, and eligibility.Occupancy requirement:At the time of closing, the house purchased with the NACA mortgage must be the Member’s only home.

22 April 2024 | 9 replies
I found an opportunity to purchase a property that would cash flow approximately 100 dollars a month in Texas including property management fees among all other various expenses with a tenant already on a lease.

22 April 2024 | 12 replies
This criteria is for 1-4 and 5-8 unit programs.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.