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29 August 2024 | 43 replies
First they don't know if they want your place as they have not seen it.
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30 August 2024 | 5 replies
Also, I suggest moving forward when you post on BP let us know what city your looking to invest.
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30 August 2024 | 6 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 = 1.23If a purchase, you also generally need reserves / savings to show you have 3-6 month payments of PITIA (principal / interest (mortgage payment), property taxes and insurance and HOA (if applicable).
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29 August 2024 | 6 replies
I dont know your area specifically but this has been my experience in general.
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30 August 2024 | 6 replies
You won't know until you put it in writing and an earnest money deposit.What happens a lot is someone calls the listing agent and says, "I'll pay $900K for that house."
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29 August 2024 | 2 replies
If anybody is willing to help please let me know, Thank you!
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29 August 2024 | 9 replies
They hand me cash, money order, or cashier's check so I know the funds are good and immediately available.She's trying to scam you.
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29 August 2024 | 5 replies
If you ever want to chat, let me know.
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29 August 2024 | 16 replies
We know the area pretty well and have a couple of friends in various medical fields that always talk about traveling medical professionals.
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29 August 2024 | 2 replies
I highly recommend a well-qualified REALTOR who works with investors and knows how to help you best.7.