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29 March 2024 | 4 replies
It is typically 1% of the loan amount.
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1 April 2024 | 10 replies
For example, we commonly see commercial NNN TIC properties that investors trade into without any management responsibility.
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1 April 2024 | 15 replies
However, Tulum's tourists typically enjoy exploring, so I wonder how much they would appreciate it, considering they might also want to visit other beach clubs.2.
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30 March 2024 | 11 replies
Lender's typically offer the best terms when they can secure a senior/first position lien.It may be more beneficial to find a partner, instead of a lender, who can help fund your acquisitions.
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30 March 2024 | 5 replies
Interest rates for primary residence are typically about 1 percentage point lower than conforming investor loans so if you can buy a new primary residence and rent you current one out you will save a lot of money on interest payments.3.
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1 April 2024 | 11 replies
There are two types of nuisance, criminal nuisance and non-criminal nuisance:""Non-Criminal Nuisance Example; Smoking and the tenant's tobacco smoke drifts into another rental unit, but only if the landlord prohibits smoking in all units."
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30 March 2024 | 12 replies
General contractors typically charge a percentage for their service.
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29 March 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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31 March 2024 | 9 replies
Do you have an example of said agreement?
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30 March 2024 | 2 replies
Example is the comps come out at 310k.