I do have a small lot with deeded access to Sherwood Lake that is prime for building and STRs are allowed. 

I'm graduating High School in a month and I want to get straight into Real Estate, I'm 17 so until I'm 18 I'm unable to get my real estate license (though its not needed in the state of FL for assigning contracts) and I don't have an LLC that would allow me to sign REI documents. 

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.

The median household income in Charlotte, North Carolina is $74,401 the gap from $76K would not allow you to marry the property!

Hello all!Does anyone know of a lender that provides loans (specifically a cash out refinance) for properties that are deviated as college student rentals or SROs?Trying to help someone out and would love to see what ...

Does your state allow private lending for your personal benefit without a license?

This will allow you to acquire more rental units and also being able to use the vacated unit rents at 75% to help your debt to income ratio DTI.There is a FHA 100 mile rule if you do plan on using FHA on your 2nd house hack.

Some lenders will allow land to be part of that.

.· The taxpayer works more than 100 hours in the business during the year, and no other staff works more hours than the taxpayer.Hiring a property management company, therefore, effectively off-loads the primary work from the landlord, allowing for the income generated by the investment to remain passive and lower tax rates than active income.

Condotels usually keep a hefty percentage such as 20 or 25% of the rental revenue......But there are a handful of these that DO allow you take yours our of their rental pool and self-rent.