
1 May 2024 | 3 replies
Unfortunately, this trip is only to Houston and Dallas but future trips will include San Antonio.

29 April 2024 | 5 replies
Basically we all have two mortgages on our credit report.

30 April 2024 | 21 replies
Since reading it I've felt like it needed a supplementary spreadsheet for easy reference and quick calculations (including entering your own numbers).

1 May 2024 | 1 reply
Including, but not limited to, contractors, lenders, wholesalers, potential sellers, potential buyers, attorneys, title company, inspectors (all types!)

1 May 2024 | 2 replies
Jobs to consider include being a loan officer, a property checker/appraiser, an assistant to a property manager, a real estate agent, and a person who checks investments/underwriter.

1 May 2024 | 2 replies
Expenses include utilities, maintenance (3-5% of rental income), and capital expenditures (3-5% of rental income), and vacancy.

3 May 2024 | 19 replies
More information about this requirement, including mandatory language, is provided in the Notice section of this webpage.The limited exemption for single-family homes does not apply where there is more than one dwelling unit on the same lot, or any second residential unit in the building that cannot be sold separately from the subject unit (such as an in-law unit).

1 May 2024 | 9 replies
(If you advertise at a higher rent, even if it includes utilities, it doesn't show up in some people's searches).

1 May 2024 | 4 replies
Almost everyone here on BP will tell you that they wish they had started earlier, myself included.4.

2 May 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 = 1.23DSCR lenders generally let you vest either individually or as an LLC.