
21 April 2024 | 2 replies
Schedule E typically caters to rental income and certain types of passive income, while Schedule C is tailored for reporting profits and losses from a business or self-employment.

21 April 2024 | 3 replies
I found an awesome property that needs typical fix and flip work.

21 April 2024 | 25 replies
Sense of Urgency and unavailability example: Good agents will call to verify a pre-approval.

21 April 2024 | 9 replies
For example it is waterfront, is a flat cleared lot next to a tourist attraction with insufficient parking, it is positioned next to a church or other type of building that may need overflow parking, in between to meticulously maintained houses, or in an amazing school district.

21 April 2024 | 4 replies
So for the typical family renting this place, they're going to incur $150-$225 in screening fees.

21 April 2024 | 11 replies
So, for example, I can have separate sub accounts for each property's security deposits, CapEx and even profit in addition to my general bank account for each property.

22 April 2024 | 12 replies
For example, since launching our first MTR a year and a half ago I've had a total of 6 days' vacancy.

21 April 2024 | 8 replies
Mike lambert and I are two good examples of understanding your investment objectives.

21 April 2024 | 16 replies
We have usually have between 80 and 100 people at our monthly meetings which typically fature an industry speaker, legal updates and networking - we have not had MTR as a specific topic yet and maybe we should!

21 April 2024 | 12 replies
This criteria is for 1-4 and 5-8 unit programs.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.