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23 December 2024 | 1 reply
Basically a concrete slab with pillars, hurricane tie downs and skirting with axle removed.
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30 December 2024 | 819 replies
I think she illustrated the point well in this case, is that when buying the low price, $40,000 junk property from a turnkey company as an out of towner, you are almost always guaranteed to lose.
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23 December 2024 | 3 replies
And you basically bank 21 nights then get to use 21 nights from someone else.
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25 December 2024 | 10 replies
You are very detailed about your complaints, but never mention basic important details such as what kind of rental agreement was given to these tenants?
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30 December 2024 | 24 replies
My last turn which happened 1.5 years after the last one costed ~$3000 of which the SOW was basically the same as it was the prior year it was turned.
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8 January 2025 | 29 replies
If she pushes back against basic verification, that's another red flag.
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26 December 2024 | 6 replies
What they do is basically teach how to Wholesale Commercial Properties professionally.
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6 January 2025 | 25 replies
While that did work out as I made really good money CoC return i sold them after seeing what i think is weakness in the airbnb market in 2022 after basically doubling up.
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19 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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31 December 2024 | 418 replies
-Basically it appears they have run out of money to pay investors back.