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28 March 2024 | 3 replies
It reflects the average rental income per booked night, including nightly rates and additional fees like cleaning charges, pet fees, etc.
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28 March 2024 | 6 replies
Location: Chesapeake, VA (large military town) Market Value: $360,000Loan Balance: $245,000Equity/Second position note: $115,000 (30 30-year amortization / 10-year Balloon Payment, 6.5% Interest, $727 monthly payment) - Bringing cash for this would save a ton of money for the buyer.Rate: 2.25%Years Left: 26Current Monthly payment: $1,300 (including taxes/insurance)Current Rent: $2,000Scenario 1: -If you were to purchase with a new VA loan at 7% interest at market value your monthly PITI would be approx.: $2,757-If you were to assume the loan and I carried the second note at the above terms your monthly PITI would be: $2,027Saving: $8,760 per year.Scenario 2:-If you were to bring the same $115,000 as a down payment on a conventional loan you would pay: $1,992-If you were to assume the loan and bring cash for equity position your monthly PITI would be: $1,300Saving: $8,304 (with no need to refi in the future)Since this is a hypothetical situation I'm going to give my number based on nat. average homeownership of 13.2 years.
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28 March 2024 | 0 replies
Picture real estate companies accessing a plethora of information on tokenized assets including fungible tokens (NFTs) right at their fingertips.
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28 March 2024 | 27 replies
I mean these are in negative cash flow and not even $100-$200 cash flow or even break even.
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29 March 2024 | 9 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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28 March 2024 | 9 replies
@Mario Am Property Management will make or break these types of deals.
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27 March 2024 | 2 replies
hey everyone, this year I built an investment property and it ended up not going as planned and at the end of it all I’m probably going to break even or lose some money.
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28 March 2024 | 6 replies
There is no way to know what the lending landscape and his options will be in five years from now - that type of loan could still be available or there could be some differences - including nuance with the specific property, location, etc
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26 March 2024 | 7 replies
It is showing that 900k and raising rents to $1500 will break even.
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28 March 2024 | 50 replies
Have you considered doing everything one color including the trim?