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18 December 2024 | 15 replies
Since they can't do each property individually, they use comparable sales to make broad generalizations to determine percent changes.
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13 December 2024 | 22 replies
IMO killeen is a solid investment. just have to watch which areas you are getting into. there are some pretty rough areas near fort hood but killeen is great because it is close enough to austin and people commute from there to austin as well. with fort cavazos near by and the new samsung plant coming online in taylor, it is a solid choice with steady demand for MF.
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16 December 2024 | 8 replies
I don't have the skill set YET to gauge rehab costs and try to BRRRR, but I'd like to learn.This is definitely a choice but my option is that you will do better if you focus on duplexes and cherry-pick a few SFRs as you come across them.As for your Strengths, it sounds like you have an excellent ability to save and your ability to bulk analyze data will serve you well to identify big-picture areas, property types, and characteristics to focus on.I like that you realize the first investment will not be your best investment.
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10 December 2024 | 16 replies
I am thinking since it is only a 2 bedroom this may be a better choice versus trying to find a smaller family to rent it out too.
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15 December 2024 | 19 replies
Ah, the beauty of real estate: no matter the horrors a house has seen - satanic rituals, questionable paint choices, 1970's wallpaper - everything cleans up.Bloodstains?
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11 December 2024 | 12 replies
Its my understanding that the individuals are responsible for all the legalities, contracts ect to make it safe not to get ripped off.
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19 December 2024 | 22 replies
Giving away the place cheap only creates more work for yourself screening lower income individuals, and attracts scammers.
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12 December 2024 | 2 replies
., contracts, blueprints, reports, scanned records, etc.) while managing access permissions for teams and individuals.2.
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31 December 2024 | 97 replies
There are always some self-righteous individuals who try to appear as very professional figures in this community.
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15 December 2024 | 14 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 = 1.23DSCR lenders generally let you vest either individually or as an LLC.