Diana Jing
Rent To Retirement Review
7 September 2024 | 85 replies
On the other hand, keep in mind that there are costs associated with maintaining an LLC (such as the $800 annual franchise tax in California).2.
Marcus Welson
Seller Closing Costs Review and Options
31 August 2024 | 4 replies
Background:Miami-Dade Condo property.I am a first-time seller.No mortgages or loans on my property.Standard Florida Realtors Association / Florida Bar AS IS Purchase Contract.Buyer in default on various provisions and must proceed to purchase as a cash purchase, per contract, so there should be no financing related title charge son my end.Contract only lists the following seller/closing/title fees:A.Documentary stamp taxes and surtax on deed, if anyB.
Jen Geisler
Home inspection equivalent for Condo
30 August 2024 | 1 reply
Is there an inspection of some sort or do I need to ask the condo association for maintenance records?
Arn Cenedella
Who not how! What team members and skills are required for success in MF investing?
31 August 2024 | 2 replies
Let’s call your list associated professionals.
James McGovern
Any reason why I shouldn't open source my building plans?
31 August 2024 | 11 replies
In my life outside of real estate, I worked in Information technology where I have participated in the creation of open source software as well as documentation published under creative commons. lots of license thinking to borrow from.It has always felt wrong to attempt to monetize everything associated with real estate investing.
James McGovern
Connecticut Real Estate Investor Association?
26 August 2024 | 6 replies
Yesterday I attended a meeting of Connecticut Real Estate Investor Association and it felt like it was primarily occupied by people who knew little about real estate and wanted to be spoonfed information by an expensive coaches?
Joyce A Debrah
Syndicate vs. BRRR
2 September 2024 | 12 replies
Another thing to realize is there are more (uncontrollable) risks associated with syndications.
Maryann Fialdini
Title Insurance Claim Denied -- Need Advise
29 August 2024 | 14 replies
In other words, when the association responds that a certain amount is due, it is “estopped” from later claiming some other amount is due, because the parties have relied upon the numbers provided
James Keeton
Rate and Term Refi After Hard Money
30 August 2024 | 6 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 = 1.23If 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).
David N.
When and how is the best way to do a cost segregration analysis?
30 August 2024 | 13 replies
@David N.Check with your accountant for a recommendation or ask for recommendations from your local real estate investors association.