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30 March 2024 | 2 replies
We did a light rehab which included paint, carpet, fixtures, turf in the backyard, and a new roof.
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30 March 2024 | 3 replies
Unfortunately, common spaces that you use as part of your personal space can't be included in the rental portion calculations.
30 March 2024 | 24 replies
Right now your break even on buying those points is probably in the range of 35-45 months.
30 March 2024 | 0 replies
The interest that is paid is the investment interest expense.Any interest accrued from investment that will produce income or that will appreciate is able to be included in this tax deduction.
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1 April 2024 | 20 replies
Closed the deal.if you are smart you will still do the diligence if your paying cash including an appraisal.
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31 March 2024 | 7 replies
For your own website and instagram footage, get drone shots including the view of and from the house.
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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 | 12 replies
When we were emailing with the company, they asked us to provide information on properties that we could provide them and include photos and the pricing structure.
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30 March 2024 | 2 replies
I was helping select the actors for the leading roles who included Scott Bakula (he accepted the role last I heard), Tim Watters, Tom Byrne and Steve Sires.
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30 March 2024 | 3 replies
I pay $4100/mo not including utilities. 1 year appreciation according to all 3 real estate websites zillow, redfin, and realtor.com, my house is worth about $645k.I've been house hacking by renting out my additional 2 bedrooms to mid term rentals (usually 6mo stays) and brought in about $9k for the first year.