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7 February 2024 | 3 replies
I am not looking for any sort of payment, just trying to gain knowledge and hopefully help someone who may be looking for a driven individual with a great attitude.
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7 February 2024 | 9 replies
I have been studying any books i can get my hands on. listening to podcasts for the previous 10 months. attending local meetups, meat some very knowledgeable individuals. i have been bit by the real estate bug i cant stop talking, asking, listening, all things real estate. have a family member who asked me if i wanted to manage a rental property for them to help me and them. they have been using a property management company, but they want to help me get my feet wet.
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7 February 2024 | 10 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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7 February 2024 | 1 reply
Hello,Does anyone know of a company or individual that would be interested in buying a home with the owners wanting to stay in the home and become tenants?
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8 February 2024 | 5 replies
Another thing is that the least that they signed says that landlord will be responsible for trash, swere "basic fee" (not sure what that means) and lawn mowing.
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8 February 2024 | 0 replies
These distributions can be made via check or ACH, providing convenience and efficiency for their clients.By offering transparent fee structures and timely distributions, property managers aim to ensure a seamless and rewarding experience for property owners.Tenant Screening ProcessThey take a thorough approach to ensure that you get reliable and responsible tenants.
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7 February 2024 | 5 replies
David, Thank you for your response.
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7 February 2024 | 12 replies
That said, you can always find a private lender or individual who may be very happy to do that loan.
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7 February 2024 | 4 replies
If they both signed the lease then they are both responsible for the full rent.
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7 February 2024 | 4 replies
The contract should protect both owner and contractor and it should highlight responsibilities and what all they will do.