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19 February 2024 | 5 replies
Investing your Individual Retirement Account (IRA) in real estate presents lucrative opportunities, but it entails specific rules and considerations.
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20 February 2024 | 5 replies
Additionally, you would not be permitted to add additional units to the existing coach house structure with an addition (again in terms of Zoning).The full details are a bit unclear without the actual property address and plat of Survey, but you can feel free to reach out to me directly if you would like some assistance in further analyzing yoir specific property.
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20 February 2024 | 14 replies
The down side is that they typically have higher interest rates due to the higher risk associated with investment and commercial properties and are property specific.
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20 February 2024 | 10 replies
It’s probably useful to ask specific people what their experience has been and go from there.
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20 February 2024 | 12 replies
I know it is difficult to ask specific questions when you are trying to figure out where to start, but tough to give advice about securities regulations on a public forum especially when the questions are open ended.
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19 February 2024 | 6 replies
I have been speaking a lot with PMLs, specifically the one's that offer 100% financing LTV and LTCMy concern is that they keep asking me for a loan origination cost, which seems like a scam to meFor instance, one offered 100% financing and then once I completed the application, she asked for about $3500 for the loan origination fee.
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20 February 2024 | 62 replies
Hi Sara, An approach that has worked for me has been to post the job on Craigslist and be very specific about the details of the job - pictures, dimensions, - as many details as you can provide and then ask that they provide their experience level, tools they have and will need, their bid for the job, and when they're available to start.
20 February 2024 | 6 replies
Facebook is a great place to find these deals (specifically investor groups) and I personally come across these off market MFHs everyday.
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20 February 2024 | 13 replies
Here is the specific section: "Within (insert number) days after the Effective Date of this contract, Seller shall deliver the Notice to Buyer.
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20 February 2024 | 1 reply
The formula for calculating DSCR is straightforward:DSCR=NetOperatingIncome(NOI)/TotalDebtServiceNet Operating Income (NOI) represents the property's income after operating expenses.Total Debt Service includes all debt obligations, such as loan payments, property taxes, and insurance.A DSCR ratio above 1 indicates that the property's income is sufficient to cover its debt obligations, while a ratio below 1 suggests insufficient cash flow to cover debt payments.Lenders usually have specific DSCR requirements, with higher ratios indicating lower risk for the lender.