David Griffin
Section 8 tenant
16 November 2024 | 9 replies
Even though I filed eviction paperwork 45 days before the eviction moratorium, the judge just scheduled repeated hearings - often for no apparent reason.
Corey Block
Physically moving a house
15 November 2024 | 6 replies
Usually, you or the company you hire will need to file a moving permit for the move.
Long Bui
Need legal advice
12 November 2024 | 2 replies
You would need to file a proof of claim for the monies owed and hope you secured it by a deed of trust.
Sanjeev Advani
99 Cents Only Closures: Phoenix Retail Market Shifts
13 November 2024 | 1 reply
After 99 Cents Only filed for bankruptcy in April 2024, 28 stores in Phoenix closed, leaving 632,900 square feet of prime retail space available.
Janet Behm
EVERY Corp and LLC MUST COMPLY!!
13 November 2024 | 0 replies
First, be sure you have registered ALL your Corporations and LLCs by December 31,2024Failure to file is a $500/day/entity fine!
Chris Seveney
Why jr. Liens can be problematic when in 1st position
13 November 2024 | 15 replies
Second position lienholder have done some shady stuff in order to delay a loss, including filing suit against all parties or trying to obtain a temporary restraining order.
Chris Kittle
Questions to ask on an 8-plex
17 November 2024 | 33 replies
Besides what you've mentioned, here are a few additional common expenses to consider:Landscaping (especially if there’s grass or common outdoor areas)Pest control (sometimes needed for multi-family properties)Legal/accounting fees (for lease updates, tax filing, etc.)Vacancy reserves (for covering costs during turnover)I can assist in helping you find funding, LMK!
Theresa Rivard
Dscr loan Co-signer
13 November 2024 | 34 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).
Erol Shashaty
Real estate friendly bank
14 November 2024 | 22 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).
Jay Hinrichs
Clayton Morris Portugal exit !
25 November 2024 | 31 replies
and do you know if they came back to the states.. that will be a HUGE win for anyone who is litigating against them .. at least right up until they file BK.