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20 April 2024 | 100 replies
The variables are limitless........This is why we break down what a building like this would look like going forward based upon our experiences and management structure.
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20 April 2024 | 0 replies
nice setting, 100% included in new FEMA 100yr flood plain.
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21 April 2024 | 47 replies
Even in your scenario, they are investing their money for 2 years in a CD just to break even and pay the tax bill they could have avoided by doing the 1031 on a so-so deal that could be sold readily when better deals are available.
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21 April 2024 | 12 replies
The fed has been and will continue to liquidate their massive balance sheet (from over-stimulus) and keep rates high until stuff starts to break.
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21 April 2024 | 25 replies
Reasons include too long to close and terrible experiences with NACA inspectors.
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20 April 2024 | 12 replies
Your costs include no soft costs (settlement, permitting/entitlements, finance charges, insurance, taxes and utilities.
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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.
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19 April 2024 | 2 replies
They can, most of that is available in most states, but too many little niches to break down on each loan product haha.
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20 April 2024 | 0 replies
- include testimonials from real estate investors who have benefited from using a 1031 exchange.
20 April 2024 | 4 replies
While some of us want to preserve it within the family, others, including my late grandfather's wishes expressed through my grandmother, are inclined to sell if we can't make it financially viable.The house itself is a 1 bedroom, 1 bathroom dwelling.