
16 March 2024 | 5 replies
Do yall include a clause in your rental contract that states that when an appliance breaks, that you will have it resolved in a certain time frame?

16 March 2024 | 5 replies
Same can go for finishing a basement, putting in granite countertops, adding a pool, flooring, etc.

17 March 2024 | 13 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.

16 March 2024 | 12 replies
I'd like to pay the minimum every month.I just finished reading Craig Curelop's book, amazing what he has done in the last couple years.

14 March 2024 | 2 replies
I am issuing her a 1099-INT, and a I have had some tell me that loan points paid should be included on the 1099-INT, and others tell me that loan points should not be included as they are not actual interest.

16 March 2024 | 58 replies
January was not great at ~40% but it at least it covered the PITI, and February will finish around 60ish%.

17 March 2024 | 15 replies
The current interest rates 6.9%-7% kill my numbers for an investment property because the mortgage payment already comes out to $1,300 a month with the big 4 included.

16 March 2024 | 8 replies
This could include recent property tax assessments, insurance quotes or invoices, or any other relevant financial information.Another option is to contact a real estate attorney or financial advisor to review the escrow analysis and provide guidance on potential next steps.

16 March 2024 | 2 replies
@Evan CruzBecause interest is only owed in the amount of the loan on an ongoing basis.If you had a property worth $250k and an unpaid balance of $150k you have $100k equityWhy not include interest, because if you sold it today you are no longer paying interest.

16 March 2024 | 8 replies
You can also use the Minut sensor does a ton of stuff including cigarette smoke, noise etc.https://www.minut.com/enIt is considered the standard for STR monitoring.