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25 January 2025 | 155 replies
Quote from @Ryan Hakes: @Jay Hinrichs Incidentally I heard about this from an ad on Facebook so came here for explanations and comments as the ad was clearly intentionally ambiguous and designed to put you into a marketing funnel.Incidentally, it's perfectly acceptable to write into an agreement that earnest money shall be due 3-5 banking days after acceptance which is enough time to use your end buyers non-refundable deposit (except for free/clear title).
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27 December 2024 | 15 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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26 December 2024 | 18 replies
Your NOI, revenue, location, risk for the business, assets (land and infrastructure mainly), equipment (yurts would be considered business equipment), and more all play a factor.
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22 December 2024 | 2 replies
what factors should I be looking at when making this decision.
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4 January 2025 | 25 replies
@Gustavo Delgado Tax Saving is one of the factors people consider while investing in RE.
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15 January 2025 | 39 replies
You need to factor in your POTENTIAL upside. 6.
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23 December 2024 | 12 replies
There're various financial plans designed to help with college financing, and some of them come with tax benefits.
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20 December 2024 | 4 replies
Why are you looking to buy such a big house to rent, the numbers usually won't work unless you go nuts on the design.
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24 December 2024 | 17 replies
It could certainly be a concern - but depends on a lot of factors - are you looking multi or SFR?
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14 December 2024 | 4 replies
Anything smaller may not attract larger investors or offer the economies of scale needed for profitability.Design Style: BTR developments often consist of attached townhomes, usually with features like garages and a more upscale design to appeal to renters looking for something between an apartment and a single-family home.Location Factors: The success of your development depends heavily on location.