21 May 2024 | 10 replies
Their sky-high value will begin to decline at some point.End of year I am grossing $25k each unit, and netting $11k on the paid off unit after taxes, insurance, HOA fees and modest repairs.

22 May 2024 | 2 replies
If you have more time than money, this is the free way to do it.If you value your time, then use one of the paid sites, like flsonline, foreclosures daily, or a host of other data providers.

22 May 2024 | 6 replies
"the typical home warranty costs $450 annually, and only 25% of premiums are paid to homeowners.

22 May 2024 | 9 replies
Most of these posts are in 2018 is obviously more expensive now.

23 May 2024 | 10 replies
That being said if you know you’re not responsible enough to put the money aside every month for these expenses when they come due then leave it all rolled into your mortgage payment.

22 May 2024 | 0 replies
These models capture the primary expenses associated with fix-and-flip and long term rental/BRRRR investment projects and provide an estimate of total cost and profit/returns.Shoot me your email if you'd like a copy of either or both.Hope you find helpful in reviewing your projects!

22 May 2024 | 5 replies
This lack of oversight allowed Schwartz to misappropriate nearly all the investor money, using it for personal expenses and risky stock tradesI am not familiar with Yield Street, but many of these platforms are questionable and you need to look into the operator.

22 May 2024 | 5 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.

21 May 2024 | 8 replies
If someone offers you 2x what you paid now, take it and do it again.

22 May 2024 | 31 replies
I paid tax on a sale once in my life - 30 years ago.