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31 December 2024 | 32 replies
That shows integrity and a prioritization of customer satisfaction.
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23 December 2024 | 4 replies
What factors should I prioritize when choosing the best approach for my future success in real estate?
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4 January 2025 | 23 replies
I may be 19 but that does not have any factor in how I efficiently operate my business, as you can see.
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26 December 2024 | 2 replies
And in part, it depends on the investors and capital that you have access to (this tends to play a factor in many decisions when raising outside capital).If you do want to go the fund route, you might want to consider using Avestor.
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7 January 2025 | 27 replies
I also have rentals in Detroit that I get far higher rents with cash paying tenants than I would a section 8 tenant.There are a lot of factors at play and the answer to "why would the government allow our tax dollars to be spent this way?"
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21 December 2024 | 6 replies
I want to make the best decision while honoring my agreements and maintaining professional integrity in this deal.
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4 January 2025 | 14 replies
Note: I'll caveat: I believe that other factors should be considered when analyzing the market as well (i.e. economic growth/stability, low crime rate, affordability, etc.)
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27 December 2024 | 15 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).
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16 December 2024 | 9 replies
It's going to be different for everyone based on their skill set, property, renters, and other factors.
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26 December 2024 | 7 replies
@David SamIt depends on a number of factors.