Kathleen E.
Main Meeting ~ Regional Investing: Smart Strategy for More Deals!
22 October 2024 | 0 replies
Lori Hawkins and her husband Stewart are realtor and broker professionals on the team of Smith and Associates Real Estate Services handling the residential and land listings for Madison County with focus in Huntsville / Hindsville areas.
Reesey Ann
Break in in broad daylight
22 October 2024 | 5 replies
What I mean is, if you are thinking $50,000 down, plus closing cost, plus fix up cost, plus time on market to get rented as your foot in the door cost to get up and going- you might want to add an extra line item for additional time and additional costs associated with this type of scenario.
Kala Samuel
New Investor on the Block
23 October 2024 | 13 replies
REI Central, CHS Circle, and the Tri-County Investor's Association are a few of them.
Kristen Haynes
National Update On The Housing Market For 10/18/24
18 October 2024 | 0 replies
The National Association of Homebuilders confidence index rose 2 points to 43.
Mindy Nicol
Listed my STR. Overwhelmed with financial requests
25 October 2024 | 26 replies
I believe at the end of the day, taking the gross revenue number and breaking down the costs associate are what matters.
Tiffani Hollis
Looking to grow my network
21 October 2024 | 8 replies
To manage and grow your portfolio, start by joining local real estate networks like investor meetups or landlord associations.
Sheldon Alex
Analyzing a Flip That Has Multiple Costs
21 October 2024 | 0 replies
I wanted to get a breakdown of all of the costs associated with using them to fund the majority (90% LTC, 100% rehab) of this deal.
John Carr
First Time House hack, Do I need more help then my HR Block tax person
23 October 2024 | 19 replies
Am currently looking for a new preparer and am curious to discover the new cost associated with the preparation.
Ryan Knapp
6 Acres East of San Diego - how whsohlf
20 October 2024 | 1 reply
A big reason is the owner occupancy requirement associated with the JADU.
Omar Doyle
DSCR Loan insight
21 October 2024 | 9 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 = 1.23If a purchase, you also generally need reserves / savings to show you have 3-6 month payments of PITIA (principal / interest (mortgage payment), property taxes and insurance and HOA (if applicable).