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14 November 2024 | 12 replies
It contains hundreds of files such as ebooks, checklists and spreadsheets for real estate investors: https://www.biggerpockets.com/filesGood luck.
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13 November 2024 | 13 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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9 November 2024 | 10 replies
It will be a hire rate that market average, but at least it will be principal and interest bearing.
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7 November 2024 | 51 replies
I stand by what I said earlier about access to capital - as an investor I know that its pretty easy to access large amounts of capital, and anyone who spends a lot of time, money, and energy marketing for capital is a red flag.I believe Summit has filed for bankruptcy, but as this has happened multiple times already expect them to resurface soon with a new name & new website.
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11 November 2024 | 36 replies
I searched for it on the file space and I was unable to download it.Thank you!
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12 November 2024 | 171 replies
The principals have been in the Senior Housing space for 15 years.
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11 November 2024 | 8 replies
You might still maintain your HYSA, but it could require tax filings depending on the country you move to and U.S.
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9 November 2024 | 44 replies
At any point in the process, you can file an eviction to remove the squatters.
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18 November 2024 | 47 replies
If I am filing jointly with my wife and she manages the STR (and passes materially participate test), can we still benefit from this?
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11 November 2024 | 16 replies
Currently we are still trying to make and build inventory and see how it goes.1) I am currently paying $150 more on the principal via the min. payment and weekly payments to take advantage of the amortization schedule.