
2 April 2024 | 1 reply
Including buyer agent commissions in financing deals is crucial for keeping the dream of homeownership alive, especially for first-timers.

2 April 2024 | 7 replies
My thought was to block Saturday check-in/check out up until a few days before that date, allowing me to capitalize on bookings that may include the Saturday.

1 April 2024 | 59 replies
"Tiny homes" is actually a classification that includes 6 different types of dwellings.

2 April 2024 | 7 replies
These loans take more time, require more docs etc. 20% down requirement (you are closing one time for the construction -- includes land -- and the permanent loan).You could expect rates in the 11-15% range for HML/PML.

31 March 2024 | 0 replies
Want to make sure we have good coverage and not missing any hidden red flags since we are out of state investors.

2 April 2024 | 10 replies
Instead of just including that, I offered to rent it for an additional $200 per month.

2 April 2024 | 6 replies
They also require annual licensing so be sure to include that in your operating costs.

1 April 2024 | 10 replies
Red flag to IRS if you try to deduct the taxes and insurance on the LLC tax return.

2 April 2024 | 9 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.