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20 March 2024 | 12 replies
The places with crackdowns typically have a huge hotel industry already and the AirBNB operators are pulling from that while causing negative impacts on the neighborhoods where they're invested.
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21 March 2024 | 18 replies
For example, if you go with option 1, you might not be as concerned with low occupancy, because you'll be able to go there whenever you want!
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21 March 2024 | 7 replies
That's one of the ways in which those projects are able to provide services to a higher density of units...individual City services are typically not feasible for these projects because they won't meet City requirements for access maintenance etc.
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20 March 2024 | 7 replies
By way of example, I focus on land development opportunities in Philadelphia and the atlas website is very helpful.
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19 March 2024 | 16 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 = 1.23DSCR lenders generally let you vest either individually or as an LLC.
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20 March 2024 | 3 replies
For example, often fire damage is water damage--they put the red stuff out with wet stuff.
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19 March 2024 | 19 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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20 March 2024 | 8 replies
Everyone (95%) who is a a worker of any skillset typically just care about themselves.
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20 March 2024 | 3 replies
For example, property taxes are available to the public.
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19 March 2024 | 1 reply
It's not your typical investment story, let me warn you.