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24 December 2024 | 9 replies
However as long as you are including the expense of the second mortgage it will give you the basic scenario and breakdown of overall projections.
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15 December 2024 | 14 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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23 December 2024 | 12 replies
I won't honor their cr@p with a link.In this generic post, I will try to give you a basic overview of the most common EOY tax strategies, obviously without an actual discussion of each one.
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19 December 2024 | 3 replies
It will familiarize you with the basic terminology and benefits of investing.
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20 December 2024 | 9 replies
My basic assumption is I would be trading a certain level of cash flow for increased appreciation over a period of 10 years.
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6 January 2025 | 31 replies
We were basically on call whenever the laundromat was open.
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20 December 2024 | 12 replies
Personally, I'd prefer dollar-tree ones (if basic, uncluttered look) over none in the room (bedroom, whatever) because I want to encourage trash being put away.
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23 December 2024 | 34 replies
If I gave you a list of 100 deals on a sheet of paper with just a few basic pieces of information you could apply the 1% rule and eliminate the vast majority of them and then only focus on a small number to consider evaluating further.
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21 December 2024 | 7 replies
I'm basically looking for input in the following:Option 1: Buy a couple of properties and split the money from the 1031 exchange for the down payments.
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17 December 2024 | 12 replies
It's basically dead in most areas.