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13 May 2024 | 16 replies
Create a business, and have a separate bank account for that business.
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13 May 2024 | 11 replies
Can I include something in the Rental Agreement where they would sign, acknowledging the stair issue and that we are not liable?
15 May 2024 | 8 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 = 1.23As mentioned earlier in the post, DSCR lenders generally let you vest either individually or as an LLC.
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14 May 2024 | 17 replies
They have Co star data + rent data + you can create a valuation on the fly before you can walk into a property .
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13 May 2024 | 3 replies
I ended up declining both offers and created a small Youtube channel for our property.
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14 May 2024 | 4 replies
I went to ALL the meetups including ALL the pitchfests.
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14 May 2024 | 13 replies
They created discord chat rooms and properties were sold out in minutes after launch.
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13 May 2024 | 79 replies
all these millionaire using leverage and creating low debt for themselves.All CEO issuing stock options, issuing corporate bond , stock buyback is all about creating low cost debts.
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13 May 2024 | 5 replies
You can create sub-accounts for each property and create virtual credit cards you can assign for use with certain properties or with certain providers like your cleaners or handyman.
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14 May 2024 | 1 reply
You can spell out all of the different scenarios that may occur in the operating agreement including splits and ownership.