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7 May 2024 | 5 replies
I would add this to my profile but only allows for US areas.
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8 May 2024 | 50 replies
There's several cities not discussed on here that I am investing in and I see other large individuals invest in that do not fit the cash flow $500/mo in the philosophy, but I'd take over almost any area that's producing legit cash flow.
7 May 2024 | 3 replies
What documents do they require, what credit scores do they allow, how do they verify previous rental history, etc.?
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7 May 2024 | 7 replies
My understanding was Airbnb would only allow one listing with the same address at a time.
5 May 2024 | 5 replies
The SALT limitation only applies to personal property (and/or individual income tax) as it's limited to Schedule A.
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6 May 2024 | 14 replies
When the property is rent to a group of 3 traveling nurses, should each of them individually fill out the complete rental application form?
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7 May 2024 | 24 replies
This allows you to get a much higher approval amount than just getting 1 card like most people do.
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6 May 2024 | 4 replies
I am submitting a claim against the individual but should I be worried about retaliation?
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6 May 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.
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7 May 2024 | 4 replies
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