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21 February 2024 | 24 replies
Estimated Rent (based on neighborhood median) = $2800Total expenses including HOA, Capex, Property Mgmt, and 50% rule for maintenance = $2750Cash flow = $50 :(Do I hold onto this gem or sell it and move onto a new strategy??
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20 February 2024 | 3 replies
This way, you're covered legally, and your lease includes everything from rent details to what happens if someone decides to turn your living room into a circus ring.Now, about finding those gold-star tenants, it's all about the background check.
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20 February 2024 | 14 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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21 February 2024 | 0 replies
Housing undersupply includes supply of land for development, which you obviously need to build a home.
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21 February 2024 | 7 replies
Here are some stages and recommendations to help you through the process:Create an extensive business plan including all aspects of your idea.
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23 February 2024 | 22 replies
Everything is expensive, downtown in particular, including real estate.
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20 February 2024 | 4 replies
Highlights of this multifamily deal include a substantial 20% discount, a commendable 7.6% cap rate, and favorable financing with a Freddie Mac loan.
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20 February 2024 | 12 replies
It usually ends bad for all involved including the GP.
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20 February 2024 | 1 reply
In essence, the DSCR measures the property's cash flow available to cover debt obligations, including the loan's principal and interest payments.How Do DSCR Loans Work?
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21 February 2024 | 17 replies
Also is access to AirDNA included in my Pro Subscription?