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8 February 2025 | 34 replies
Thanks for asking and including us.
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17 January 2025 | 2 replies
Amenities include, laundry, assigned parking, and wifi available for each unit.
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24 January 2025 | 4 replies
I work with new investors all the time and have to get past newbie investor puberty which include Shiny Object Syndrome and the mindset that this business is Quick Money with little to no effort (thanks to Social Media).
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30 January 2025 | 62 replies
Estimated about $25,000 including utility hookups.
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20 January 2025 | 5 replies
You will need probably 20% of total cost (Not including financing costs. 80% LTC) as the down payment.
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19 January 2025 | 18 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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20 January 2025 | 16 replies
Quote from @Yaroslav Shtogun: Hello Community,I am seeking advice on the following real estate situation:I’m in the process of purchasing a double lot property (100x100 in an RS-50 zone) that includes a 1,200 sqft wood-frame house and a 640 sqft detached garage.
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23 January 2025 | 7 replies
A real estate lawyer can help you navigate the specifics, including ensuring you don’t inadvertently trigger any unintended tax consequences.A few tips to consider:Check with your mortgage lender: If there’s a loan on the property, transferring it to an LLC could violate the loan’s due-on-sale clause.
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18 January 2025 | 12 replies
Quote from @Caleb Brown: Someone else asked but what would market rents be including the extra storage?
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9 February 2025 | 33 replies
Focus on learning the basics of MTRs, including their appeal to traveling professionals and the need for furnished properties.