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6 March 2024 | 0 replies
Use Social Media to Promote Your ListingSocial media is a powerful marketing tool to help you reach a wider audience and promote your real estate listing.
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8 March 2024 | 14 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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8 March 2024 | 6 replies
Most businesses, including the real estate business, is about taking calculated risks.
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7 March 2024 | 0 replies
Its proximity to major highways, including I-10 and I-65, enhances accessibility and facilitates commerce, making it an attractive location for businesses seeking logistics and distribution centers.**2.
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8 March 2024 | 9 replies
If that's not possible, then we pay the utility and bill it back to the tenant or we increase their rent and include utility costs in that charge.At a bare minimum, you need to find a way to monitor utility use and put a stop to this before the bills get so big.
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8 March 2024 | 7 replies
For other folks, here are some other entities that would, if you sold the property to, have negative tax consequences: YouYour spouseAny of your lineal ascendants or descendants (parents, children, grandchildren, and the spouses of children, grandchildren, — including legally adopted children)Any investment providers or fiduciaries of the IRAAny entity (like a corporation, LLC, or trust) where a disqualified person owns more than 50%Any entity (like previously listed) where the IRA account-holder is an officer, director, a 10% or more shareholder, or a highly compensated employee
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8 March 2024 | 77 replies
The next problem is how well these tools help with notifying you of new adds to the filter, vs re pulling the whole list (dups included) each month.
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8 March 2024 | 5 replies
This could include things like fresh paint, updated fixtures, new flooring, and minor renovations that can make a big difference without breaking the bank.Additionally, make sure to provide the appraiser with a detailed list of all the improvements you have made to the property, along with any recent comparable sales in the area that support the value you are hoping to achieve.
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7 March 2024 | 15 replies
In Maryland, a Legal Agent is required if the Rental Property Owner resides outside the State of Maryland; including nearby D.C., Virginia.
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8 March 2024 | 11 replies
Some things you may want to consider: does the rent on these units include utilities?