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1 May 2024 | 7 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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30 April 2024 | 8 replies
This would include your agent, property manager, and contractor.
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30 April 2024 | 99 replies
Just shoot me a message or email to set something up.
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30 April 2024 | 6 replies
HELOCs can be a good way to get started, but don't forget to include that payment in your calculations.
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30 April 2024 | 4 replies
The cost and timeframe for evicting squatters can vary depending on various factors, including the complexity of the case, local legal procedures, and the squatters' cooperation.
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1 May 2024 | 27 replies
I hate bunk beds even though we are forced to include them regularly by our customers.
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1 May 2024 | 16 replies
That includes making a specific request regarding each property, getting approval of the servicer to make the transfer.
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1 May 2024 | 30 replies
Have your insurance go after the Builder and take care of your repairs including a sub pump If not Have your Realtor give to advise for that commission he/she made.Builder did it wrong twice.
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30 April 2024 | 7 replies
If you can get half your mortgage paid and retain some of your cash for the rehab (or get a loan that includes rehab $$) you should go for it.
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30 April 2024 | 3 replies
Including your monthly rent, the property has $150 cash flow.