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4 February 2016 | 13 replies
Financing through a partner...and looking at most likely range that section 8 would pay to ensure that my annual cash flow is worth investing in that particular neighborhood after rehabbing the property, insurance, repairs, etc.
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31 January 2016 | 1 reply
Taxes: 11.4% (Remember, I'm in Texas, property taxes are higher for us)Insurance: 4.7%Maintenance: 9.4%Vacancy: 4.5%Capex ranges from 9% to 25% (I have two rehabs, which have a higher capex).I'm going to preparing to talk to my appraisal district this spring and bring Taxes down to 8%.
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2 February 2016 | 3 replies
The values usually range from $550-$3million and all depends on the particular client.
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8 February 2016 | 29 replies
Typical commercial lending is LTV 70-75%always an ARM, like 20 due in 10 (or even 5)property self-sufficient (aka DSCR 1.1 - 1.3 depending upon the lender)with an NOI that supports reserves 10%, vacancies of 12%1/2 year prepaid taxes AND insurance (last parts of PITI)Your personal credit should not be part of the qualification process.
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28 February 2016 | 39 replies
If they don't want to be a landlord and/or the property doesn't command sufficient rental income to make it work, they might be compelled to sell ASAP.Given that most VA loans are 0% down, and that active duty have ZERO control over when they get those PCS orders and must sell, an otherwise trivial 2% temporary market down-turn can mean you have to come in with money just to sell your home!
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31 January 2016 | 8 replies
Find out the return that they need, what specific areas they are interested in, what price range, etc.The 70% rule of thumb is a good place to start but you could miss out on deals depending on your market.
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1 February 2016 | 9 replies
I intend to create a passive income stream sufficient to take care of my disabled daughter after I am gone.
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6 February 2016 | 25 replies
It ranged from 1.5% to 1.8%.
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4 February 2016 | 7 replies
Properties range from 300-400k.