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21 May 2024 | 2 replies
does this include all the expenses, capex, maint costs etc?
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21 May 2024 | 4 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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21 May 2024 | 1 reply
Additionally, Millennials rely heavily on online platforms and mobile apps for property search, virtual tours, mortgage applications, and transaction management, reshaping the way real estate transactions are conducted.Delaying Homeownership and Embracing Renting: Despite their strong desire for homeownership, many Millennials face financial challenges, including student loan debt, stagnant wages, and high housing costs.
19 May 2024 | 8 replies
I can pay down faster if I included personal income but at this point I don’t need to.Scenario 2: Pay off properties with the 6.5% mortgage and 4.25% mortgage.
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20 May 2024 | 5 replies
Killeen-Temple Fourplexes and Duplexes | 2024Just today I began working on creating my first email list for local SFR targeting an 8% IRR.
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20 May 2024 | 7 replies
So, I thought I should sell, take the profits and put into high interest account, rent a room for myself for about $1100 per month with all utilities included and that way I can save additional funds for a year.
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21 May 2024 | 15 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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21 May 2024 | 4 replies
@Yona GanzThe Orlando real estate market offers a diverse range of sub-markets for small multi-family properties, including downtown Orlando, Winter Park, College Park, Lake Eola Heights, and Altamonte Springs.
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20 May 2024 | 5 replies
Hi @William StricklandIn my opinion, the best mortgage calculator is the one you create yourself in excel (or google sheets).
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20 May 2024 | 4 replies
I got my Va to create a spreadsheet and call all of them for rates, amenities, and if they where at capacity.