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23 April 2024 | 8 replies
Text/call/email or message me here!
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23 April 2024 | 2 replies
Ideally, I want something I can confidently show to potential investors that includes all the key metrics they and I would need to consider when evaluating a property.
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24 April 2024 | 5 replies
Time for a pro and con list: Pros: consistent rent prequalified tenants higher profit margins free marketing less evictionCons: required inspection security deposits are not included delay payment before the first payment
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23 April 2024 | 6 replies
What do I say when someone finally calls or emails?
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23 April 2024 | 9 replies
They advertise it on Zillow, Redfin, and their own email listing.
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24 April 2024 | 4 replies
This is 20% off, or 80% of the original total cost, if you include interest.
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24 April 2024 | 9 replies
However, you really need to map out what returns that currently people really are getting there and what do those include?
23 April 2024 | 8 replies
Include not only the mortgage payment but also taxes, insurance, property management fees (if applicable), maintenance costs, vacancy allowance, and any planned capital improvements.
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24 April 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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22 April 2024 | 1 reply
I used my physical address as the administrator address and was bombarded with a lot of unwanted mail and this time I’d like to keep that separate.So in general, is this something that is acceptable?