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12 March 2024 | 2 replies
Additionally, vinyl plank comes in a variety of styles and colors, allowing you to choose a design that fits the aesthetic of your property.As for the walls, if you are looking for a budget-friendly option to replace tile, wall paneling could be a good choice.
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12 March 2024 | 3 replies
Only 3 cases exist that I know of of individuals successfully defending themselves before the tax court of qualifying for real estate professional status while having a full time job.
13 March 2024 | 19 replies
Unfortunately, it is usually an afterthought for most individuals and families.
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13 March 2024 | 4 replies
I work with only a couple clients per year (friends/family) since I have a full time job outside of real estate.I was reviewing all of my fees involved with being an agent and currently a REALTOR which are:1.
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12 March 2024 | 4 replies
It takes a considerable amount of skilled and reliable labor to complete 25 homes, so we suggest subcontracting all the trades and retaining a small in-house crew of experts in individual trades such as framing, masonry, roofing, etc.
13 March 2024 | 23 replies
He's a long-time friend of mine and covers many STRs.
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12 March 2024 | 7 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 = $2300DSCR = Rent/PITIA = 2300/1875 = 1.23DSCR lenders generally let you vest either individually or as an LLC.
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12 March 2024 | 2 replies
Good morning all, I was approached by a trusted friend/investor, about entering into a partnership for a turnkey rental.
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12 March 2024 | 15 replies
Do you have an investor friendly agent that can keep an open ear for prospective cash buyers?
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12 March 2024 | 2 replies
Actually went today and talked with a loan officer friend of mine who does helocs, I can pull 80k for 700 a month with a 2500$ origination fee.