27 March 2024 | 6 replies
The purchase price is listed at $285K and that includes ownership of the land, laundromat, and shop.
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27 March 2024 | 8 replies
That is for the set up only with some kind of bricklike surround, it does NOT include moving the modular to your site.
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28 March 2024 | 20 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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27 March 2024 | 5 replies
Consider aspects including property location, market circumstances, financing arrangements, and long-term investment goals as you carefully study and assess your possibilities.
27 March 2024 | 6 replies
They can evaluate the strength of your case, advise on legal matters, including statute of limitations, and explore negotiation options before pursuing legal action.
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28 March 2024 | 10 replies
Typically each chapter would have a housing board, that could include alumni.
27 March 2024 | 8 replies
We've chosen not to do a formal due diligence including ARV projections, cost per sq ft of rehabs in that local market etc, local title company selection, title search etc.This file may not proceed as we are dedicating resources to those with a likely probability to close.But again, thanks for engaging.
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26 March 2024 | 4 replies
People like to do business with people who do business, present a good deal, and you will have a long term buyer to work with!
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27 March 2024 | 9 replies
I use apartments.com and zillow.com for processing payments including both rent and security deposits.
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27 March 2024 | 2 replies
You'll get a lot more out of it, including a lifetime friend in the business if things progress well.