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4 April 2024 | 2 replies
A hard money lender he can use.How would we go about describing this and how can we teach and help other investors know their “purchasing ability”(If possible) and be able to “stretch” it as much as possible to “expand their ability to buy” as much property as their “buying artillery” allows them too?
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6 April 2024 | 4 replies
I also understand that it is quite possible that the property is in a condition that would allow you to rehab it for a nice profit, but at this point you don't have enough information to know.
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4 April 2024 | 42 replies
So, I will often allow them early entry for free giving them a few days to more seamlessly move in.
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4 April 2024 | 15 replies
This is a great resource, but the most important is to build face to face relationships with individuals actually investing in the market you'd like to buy in!
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4 April 2024 | 5 replies
I like Relay and use it for 2 businesses, my Real Estate is under US Bank, but we will move it to Relay when I get more time.They allow 18 Checking Accounts 2 Savings Accounts, you can pay via CHeck or ACH from their bill pay feature for free too
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3 April 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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3 April 2024 | 6 replies
My deal structure allows the agent to profit not just off bigger profit for the seller but money saved for the buyer.
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4 April 2024 | 4 replies
This essentially gives me an offer price that will allow me to receive at minimum, all of my money back after refinancing, excluding closing and holding costs.
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4 April 2024 | 6 replies
That's definitely allowed and how many investors get started.
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4 April 2024 | 1 reply
It's a strategy allowing you to defer capital gains tax when you sell a property and reinvest the proceeds into another 'like-kind' property.