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19 April 2024 | 20 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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17 April 2024 | 13 replies
There is no need to factor in attitude or personality in the business.
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18 April 2024 | 19 replies
This not only enhances your home's appearance but also improves safety and security.Install Window Boxes: Adding window boxes with colorful flowers or greenery can instantly boost your home's charm factor.
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17 April 2024 | 15 replies
I'm signing on with the Bean Group in the next few weeks.Brokerage name: ExpensesDesk fees: $Transaction fees: $Tech fees: $Marketing fees: $Other fees: $Office Policies / proceduresMandatory desk time?
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18 April 2024 | 10 replies
This is what he wrote to us:“I'd like to dispute the A/C sanitation fee for $500 and would like it refunded.
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17 April 2024 | 10 replies
Definitely depends on lots of factors - I would strongly suggest learning how to do basic modeling/underwriting and projecting the cash flows out in different scenarios
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17 April 2024 | 8 replies
Indeed, and depending on a variety of factors you can even use them to offset your w2 income
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18 April 2024 | 5 replies
Many clients have put the IBC or similar concept to use, but how effective it is and whether it's right for you depends on several factors as there are pros and cons to everything.
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15 April 2024 | 8 replies
We are not charging a cleaning fee as we think for 2 night stays adding a cleaning fee really increases the overall cost to stay.
18 April 2024 | 5 replies
Most focus on the fees and management rates but the most critical part of any PM agreement is the authorized agency that's created to act on your behalf and there may have been protocols that have to be followed in order to supersede what's in the agency agreement.