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5 July 2024 | 3 replies
Even facebook might have some good local groups for you.
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5 July 2024 | 4 replies
If it's a detached ADU, it would come even lower.
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3 July 2024 | 6 replies
There are over 20 of us CPAs in these forums assisting Real Estate investors nationwide.
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3 July 2024 | 36 replies
We have 4 virtual assistants and we will keep hiring more so we want a "simple" and easy solution.We tried OwnerRez, but it was just too difficult for us to use and pick up fast.We tried Hospitable, which was easy to use and the VA's had positive feedback.
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7 July 2024 | 36 replies
Construction buddies of mine have more work than they know what to do with, even average realtors seem to be doing well.
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3 July 2024 | 7 replies
We assisted with many of these during low rate environments where the loan was planned as a very long term option.
5 July 2024 | 6 replies
If publishing is too complicated, then the work around will be even more cumbersome.
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29 June 2024 | 6 replies
Has anyone used VAs (virtual assistants) for help with managing properties and tenants?
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5 July 2024 | 3 replies
This criteria is for 1-4 and 5-8 unit programs.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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5 July 2024 | 4 replies
This is a really significant strategy, because getting control of even two or three buildings can change the course of your financial future.