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19 April 2024 | 3 replies
If not, maybe ask for slightly more interest or fee, knowing that you'll have more time and cost involved if you have to take the property back.Is the buyer going to pay you monthly payments of 4166.66 for 24 months, or is this a smaller payment with a balloon?
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19 April 2024 | 12 replies
Such as splits, fees, and bonuses.
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18 April 2024 | 16 replies
What was the deciding factor on removing the algae?
19 April 2024 | 1 reply
The seller needs moving money, there are oftentimes an arrears that has to be paid on the loan, there are oftentimes HOA fees that are due, there are title costs, there are escrow costs, usually there is deferred maintenance, you have to make mortgage payments out of pocket until you get a renter in there, you have to pay utilities and taxes, and you need reserves in case it all doesn't go as planned.3.
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18 April 2024 | 2 replies
Hi Buyan, The potential for rental hikes in the White Haven-Coro Lake neighborhood on Berta Road largely depends on factors such as local market conditions, demand for rental properties, and economic trends.
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19 April 2024 | 14 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.
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18 April 2024 | 13 replies
Lower fee in lieu of more deals?
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17 April 2024 | 13 replies
Can I "pay myself" to manage my rentals 20.5 k on a sched C and write off the fee.
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18 April 2024 | 11 replies
Rules to make it easier for a buyer to negotiate fees or use no agent at all.When I was an SFR buyer, I used/worked with my agent for every deal (purchase and sale).
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18 April 2024 | 2 replies
It is important to take into account factors such as timing and costs when determining the best structure for your needs.