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26 March 2024 | 7 replies
For example: In a zip code I have in mind, the market rate rent is about $1,350 for a 3 bedroom apartment.
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27 March 2024 | 2 replies
Typically for real estate deals you can only sue for actual damages, you cannot sue for emotional distress.
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28 March 2024 | 27 replies
For example, an owner headed to foreclosure might sell you a property "Subject-To" where you take over their loan at a LOW LOW rate which changes the math a LOT when analyzing a deal!
28 March 2024 | 4 replies
You can typically get an investment property loan for these putting down 20-25% with a duplex cost of $400-450k.
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28 March 2024 | 28 replies
Example: sale price is 1m.
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27 March 2024 | 21 replies
Related questions: How long do tenants typically stay?
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27 March 2024 | 7 replies
My question is there typically enough demand for a 90 day minimum furnished rental to make it work?
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27 March 2024 | 18 replies
For example do you have a layout of what can be built and has it been approved by the City/County?
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27 March 2024 | 7 replies
I do a lot of Condo Associations and I'm having more and more trouble with having companies having to cover such a big property amount in say an acres or 2 of land mass.2. have no idea3. not sure about regulatory barriers because there have been plans done through employers or associations where they'll give a specific discount, let's say 5% overall to the employees they can write but that being said those clients typically don't live right next to each other, have the same age/style/value of home and they still have underwriting guidelines they have to go through that can generate rate or every deny the coverage.That help at all?
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27 March 2024 | 12 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.