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3 January 2025 | 6 replies
I've shifted from trying to economize in everything in life to seeing that oftentimes it's well worth it to pay for the full service experience, no nickel-and-diming.
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2 January 2025 | 4 replies
Good afternoon, everybody and Happy New Year,For those you that utilize services like PropertyRadar, PropStream, etc.
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9 January 2025 | 15 replies
If the ARV has risen to $260k and you’re renting it out for $2900/month, you can likely qualify for a higher loan amount.Here are some key points to consider:Loan-to-Value (LTV): A typical DSCR refinance will allow you to borrow up to 75-80% of the property’s ARV, so for a $260k property, you might qualify for a loan of $195k to $208k, which could help pull out most or all of your original investment.Debt Service Coverage Ratio (DSCR): Since you're renting for $2900/month, the loan payment will need to be covered comfortably by that rent.
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8 January 2025 | 29 replies
We offer many of the same services as this agent, but we have no problem with investors flying to Detroit to check things out - we actually prefer it!
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1 January 2025 | 1 reply
We don't allow any "deal-making" in the forums, which includes advertising your services or properties, looking for partners, etc.
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30 December 2024 | 0 replies
Has anyone used Ryland Services for Property maintenance?
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11 January 2025 | 67 replies
Yes, my banks require a 1.2 DSCR debt service coverage ratio, meaning they want to see rent 20% higher than the mortgage payment.
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31 December 2024 | 2 replies
In the sheet for post reno: Gross Income: 6KOperating Expenses: -3KDebt Service: -4Kso 6-3-4 = -1k/month.