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13 February 2025 | 22 replies
Ensure you mention that they can save on commission and you have no agent representing you.
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13 January 2025 | 1 reply
So ultimately this may require a discussion with counsel, and you may have to settle on splitting the cost.
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1 February 2025 | 23 replies
Suggest you pester them with questions to learn the eviction process, so you can save money in the future.
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4 February 2025 | 24 replies
to save costs, and responses sometimes took weeks.
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20 February 2025 | 33 replies
For people who do not mind paying $100 or more a night when they see what fits their buy box, their time is more valuable than searching on airbnb for multiple hours to save $15.
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27 January 2025 | 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 = 1.23If 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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17 January 2025 | 17 replies
Real estate agents, property managers, and contractors who specialize in your target market can save you time and money in the long run.
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20 January 2025 | 33 replies
That means that you can buy a house on the South side -- identical to one on the North side and in its doppleganger (save race) neighborhood -- for literally a $100,000 less than you can on the North side.
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20 January 2025 | 2 replies
I am using this time to educate myself while saving up for my first property.
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19 January 2025 | 8 replies
I'd save yourself from the headaches and just buy it with a DSCR loan.