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Results (10,000+)
Frank Thomas First BRRRR in Charleston
25 November 2024 | 13 replies
Also, see if you can pad your estimate with some "contingency reserves" as this way you can come do your refi only as rate/term and do not need money in your pocket at all with the rehab!
Tiffany Da Silva Advice needed on real estate LLC business banking & Organization
21 November 2024 | 6 replies
Use an operating account for income and expenses, a reserve account for maintenance and taxes, and a high-yield savings account (HYSA) like Capital One's 4% APY for idle funds awaiting reinvestment.
James Kerson Tell Me Why My Discount Brokerage Idea Is Bad: Calling All Agents
10 December 2024 | 100 replies
It's not booking travel (travel agents are actually making a comeback now I hear btw) and it's not trading stocks, or driving a taxi, or ordering food, or scanning groceries (self-scan checkouts are also being removed from stores now I hear).    
Majdi Chowdhury Seller Financed Home - looking to do DSCR loan or is there something better?
25 November 2024 | 11 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).
Erich Hatch Estimating Rehab costs
26 November 2024 | 9 replies
Finding the fixtures you want installed at the hardware store and pricing them is a must.
Kim Hopkins Portfolio / Asset Management Software for Owners NOT Property Mgr
25 November 2024 | 22 replies
I am trying to manage the asset and the property managers.Here is the basic functionality I'm looking for: Property View: Customizable view that allows me to select a given property and view, update, and save information including the obvious facts, plus ownership %'s, reserves to be held each month, property tax/insurance info, purchase and loan info.
Tom Carmody Condo Hotel (Condo-tel)
24 November 2024 | 27 replies
PROGRAM 2 Owner use up to 3 weeks 40% of Adjusted Gross Standard FF&E in high season & 3 weeks Revenues from the Unit and accessory in low season package required.PROGRAM 3 Owner use up to 6 weeks 30% of Adjusted Gross Standard FF&E in high season & 6 weeks Revenues from the Unit and accessory in low season package required.HIGH SEASON: DECEMBER 21st - APRIL 15th LOW SEASON: APRIL 16th - DECEMBER 20thNote: The following fees are deducted from the gross revenue before the split:5% Management fee, 5% Travel Agent Commissions, 2% Credit Card Commissions, $4.00 per occupiedroom night (TRUMP Fee) & Group meeting fee may apply.Other Monthly Fees: 4% of the gross revenue is moved to the FF&E Reserve account and approximately$20 for liability insurance.Monthly Condominium Dues: $895.57 (These can be deducted from your monthly revenue)Initial Rental Program enrollment fee $500 and $2500 initial FF&E Reserve account contribution.Fees for OWNERS STAYS: In Rental Program (Optional): 1
Mary Pastoral VRBO charges 10% commission for direct booking outside of their platform
23 November 2024 | 40 replies
Cancelling an existing full or partial reservation to book outside of Vrbo.
Jamie Banks Turning A Primary Home Into A Midterm Rental
26 November 2024 | 11 replies
Include expenses like utilities, HOA fees, and reserves
Julie Philpott Upcoming for Franklinton?
23 November 2024 | 7 replies
Hey Julie, in Franklinton there are plenty of large projects going on that will bring massive growth to the west side of Columbus, such as the Peninsula Development, which is a multiphase project that will erect a 24 story apartment complex featuring a grocery store, a multi use office space building, and a new hotel featuring a two-story venue.