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8 March 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.
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9 March 2024 | 8 replies
Although It really does depend on how much competition you are dealing with & what you are trying to get for rent, among several other factors .
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9 March 2024 | 10 replies
Just depends on line of site and distance to connecting road if they will allow.
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9 March 2024 | 4 replies
No major additions or big construction.Without running a full appraisal, I can only guess on the value, but I think it'll depend on how good our wholesale deals were below market rate.
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9 March 2024 | 26 replies
@Andrew MaturaInvesting in smaller towns or communities can be a viable strategy, and the success depends on various factors.
9 March 2024 | 14 replies
All depends on what your goal is with regards to investing in this area.
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9 March 2024 | 4 replies
If you are, it all just depends on the area you are wanting to purchase in.
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7 March 2024 | 14 replies
Hey @Luis Ramirez, so there are varying opinions on this.
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9 March 2024 | 18 replies
It all depends on your goals.
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9 March 2024 | 9 replies
There are rehab grants available; depending where you are located.