Arron Barnes
Anyone using RentRedi for rental payments? Good or bad?
19 January 2025 | 17 replies
I've been trying to have one tenant do the autopayment for 8 months now and it has only worked one time.
Brett Sheeran
Brett Sheeran - New Member Introduction
3 February 2025 | 8 replies
Hi Brett - local PM here - we have a few development projects, small multifamily and tonwhouses that we are gearing up for sale in the next 6 months.
Jesse Simmons
Creative financing options for distressed property
3 February 2025 | 3 replies
The key will be to set up terms so your monthly payment works.
Jason Munns
Canadian Lender Finder?
2 February 2025 | 6 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).
Basit Siddiqi
Investing in Spain: Good idea for non-residents(Americans)?
23 January 2025 | 31 replies
Monthly operating costs vary between €150-250 based on the amount of work and the type of accountant office you would choose to work with (those focused on foreigners usually charge more).It is true that in general this is higher than in many other countries.It is the first time I have heard about the possibility of a virtual office from out of an LLC.
Alex Spivey
I'm new and don't have much info
27 January 2025 | 1 reply
You don't need to know everything to get started; you need a foundation to build on, and the rest will come through experience and then refining your education.You can build a basic understanding of investing in 3-6 months.
Nicholas D.
Is there anyone located in Mass who invest in OOS Apartments (10-40 units)?
2 February 2025 | 6 replies
My property generate 4100 per month and it is a 2 family.
Stephen Meyer
This is my situation, what do you recommend?
1 February 2025 | 6 replies
I also have 401k with 4,500 which I estimate will be 7,000 by the end of the year.Fund 1: 24kFund 2: 180k401k: 7k Right now, I am a renter that pays 900 per month, with a stay at home wife with a child on the way.
Michelle Berge
MLS only Broker in California
26 January 2025 | 20 replies
However, they are merging with another company next month which does NOT have MLS-only memberships.
Jason Burkart
Gift money for family or buy a rental for family?
27 January 2025 | 9 replies
If I paid cash for this property, the HOA + Insurance + taxes is around $500 / month.