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22 February 2024 | 2 replies
It follows the first 3 rules of real estate, is zoned "light commercial" which would include multifamily, the direction I want to take it.It has a well established restaurant and 2 residences.
22 February 2024 | 7 replies
In some properties where I live heat is included with rent and in others it is not.
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18 February 2024 | 1 reply
Simple as the title makes it - favorite social media real estate channels?
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23 February 2024 | 12 replies
Your best bet in this situation is to have rent cover the included utilities.
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22 February 2024 | 14 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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21 February 2024 | 27 replies
But I am a devote ANTI Facebook person.My industry insists that I avoid social media and many of my peers have proven to me why.
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21 February 2024 | 2 replies
It is usually simpler to hire someone to maintain the property and include the cost in the rent.
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21 February 2024 | 9 replies
@German Tapia here's some advice:1) Anyone that has to call themselves an expert - isn't.2) Many looking to help - are actually trying to sell you something (us included)3) Big difference between City of Detroit and Suburban Detroit area.
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21 February 2024 | 7 replies
To make connections with other investors, real estate experts, and possible partners, go to local real estate investing clubs, meetings, and networking events.Leads/Properties: Explore via a variety of channels, including direct mail marketing, networking events, and internet platforms like Realtor.com, Zillow, and MLS, to locate leads and properties.
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20 February 2024 | 1 reply
However, despite having some success, I find myself at a plateau, struggling to grow my list further and enhance its quality.I've employed standard practices such as networking at local real estate events, leveraging social media platforms, and utilizing email marketing campaigns.