Kolby Knickerbocker
what questions do you ask/data do you analyze to select investment markets?
15 January 2025 | 5 replies
Do they value nicer finishes and design or is that additional cost lost on the typical tenant in that pocket?
Alex Patton
Refinance DSCR Advice
3 February 2025 | 21 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).
Jamison Haussman
Property Management in OKlahoma City area?
10 January 2025 | 10 replies
Does anyone know a property manager that supports small self-storage rentals in addition to residential rentals?
David Sam
Cost segregation study recommendations
26 December 2024 | 7 replies
Feel free to reach out if you have any additional questions.Cost Segregation FAQ
Tom Rairdon
Tax considerations when selling a short term rental
12 January 2025 | 8 replies
In addition, you'll have depreciation recapture at rates up to 25%.
Carlos C.
Mark J. Kohler consultation
31 January 2025 | 22 replies
However if you had done a warranty deed (or a special warranty deed if you still have a mortgage on it) instead, your LLC has a claim against you for the issue on the title, and you in turn can go back to your initial title insurance to fix it.Some title insurance will allow to transfer the coverage to an LLC that you own 100%, but not all of them do or they may require an additional fee.
Jared Haxton
Setting Up and Marketing 4.25% Seller Finance Deal
17 January 2025 | 7 replies
I landed on the numbers I did because that makes it cash flow nicely for the buyer in addition to meeting my goals.
Jason Khoury
Purchasing Vacant Home from Non-Profit
12 January 2025 | 6 replies
So I saved an additional $2500 in taxes after the fact.
Ricky Reddin
Renovation On A Property
12 January 2025 | 7 replies
In addition to conventional loans and FHA loans, if either you or your wife are veterans, the VA also has a rehab program.I'd be happy to discuss my rehab experience both as an investor and as a mortgage broker, and at least help you think through your options.
Mike Beer
Has anyone tried the RaiseMasters program by Hunter Thompson
14 January 2025 | 39 replies
We have a lot of fix and flippers who are really looking to scale, and understand that access to capital is their limiting factor.