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1 May 2024 | 1 reply
Including, but not limited to, contractors, lenders, wholesalers, potential sellers, potential buyers, attorneys, title company, inspectors (all types!)
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1 May 2024 | 2 replies
Jobs to consider include being a loan officer, a property checker/appraiser, an assistant to a property manager, a real estate agent, and a person who checks investments/underwriter.
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1 May 2024 | 2 replies
Expenses include utilities, maintenance (3-5% of rental income), and capital expenditures (3-5% of rental income), and vacancy.
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1 May 2024 | 9 replies
(If you advertise at a higher rent, even if it includes utilities, it doesn't show up in some people's searches).
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2 May 2024 | 18 replies
Every state has its own requirements for what must be included in a lease and then there are all the Federal overlays.
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1 May 2024 | 4 replies
Almost everyone here on BP will tell you that they wish they had started earlier, myself included.4.
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2 May 2024 | 15 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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1 May 2024 | 14 replies
So many people (including me) are complaining that they're not getting the bookings from Vrbo that they used to, and now Vrbo want to block some more days that won't get booked on their platform.
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1 May 2024 | 2 replies
As you know, each unit at the end includes a quiz covering the key concepts.
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30 April 2024 | 15 replies
This includes offering properties for sale, asking if anyone has a property for sale, and soliciting funding of any kind.