Pierre Garcia
New to the real-estate game. Taking my first steps through bigger pockets platform.
6 January 2025 | 1 reply
Property Valuation:Investors look at a variety of factors to determine a property’s value, including comparable sales (comps), rental income potential, and location.
Damien Davis
Build to Rent
4 February 2025 | 15 replies
I can build a 4-plex, four two story units side by side, with a total of about 5000sf for about $1m, land included.
Arshiya Taami
is 95% LTV for a DSCR Loan that is 2.2 possible?
14 January 2025 | 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).
Account Closed
L.A. Wildfires and Their Tax Implications for Affected Residents
9 January 2025 | 0 replies
Beyond immediate safety concerns, the long-term financial implications, including taxes, are a pressing issue for those impacted by the disaster.
Rereloluwa Fatunmbi
Seeking Advice to Improve STR Performance in East Downtown Houston
22 January 2025 | 22 replies
The minimum sheen I would use for any rental is satin (Very rarely eggshell).Does your rate include cleaning fees?
Pankaj Malik
Tenant threatening to sue and wants to extort money
19 January 2025 | 27 replies
With my own screening I know how to weed them out.
Fredrick C. Oesterle
accepting multiple applications
9 January 2025 | 4 replies
When managing multiple applications, it’s crucial to ensure your process is both fair and compliant with local, state, and federal housing laws, including the Fair Housing Act.A best practice to avoid any perception of bias or confusion is to process and work on one application at a time.
Garry Lawrence
Mass Shooting Near Property I'm About to Buy – Should I Back Out?
12 January 2025 | 7 replies
Before buying or renting in an unfamiliar neighborhood, you should check the following two sites: SpotCrime, AreaVibes,These sites provide valuable information, including Livability Scores, which cover aspects such as crime rates, employment, health, housing, schools, shopping, and more.well, anything can happen anywhere.
Lauren Merendino
Pre retirement Strategy
1 February 2025 | 30 replies
This is not including any financing costs and closing cost which can easily bump that number to 23k.
Nina Erlandson
Has anyone used Obie Insurance?
28 January 2025 | 56 replies
However, I notice that Personal Injury is not included and I'm thinking that may be important to have for a Short Term Rental.