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27 March 2024 | 9 replies
You'll be able to track everything, run various reports, and track your assets, liabilities, and net worth down to the dollar.
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29 March 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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28 March 2024 | 6 replies
There is no way to know what the lending landscape and his options will be in five years from now - that type of loan could still be available or there could be some differences - including nuance with the specific property, location, etc
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27 March 2024 | 3 replies
Due to the short offer period, we didn't get the inspection report back until a few days later.
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28 March 2024 | 2 replies
This prohibition includes but is not limited to, loud noises, loud music, noxious or unpleasant orders and disruptive behavior or actions.
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28 March 2024 | 50 replies
Have you considered doing everything one color including the trim?
28 March 2024 | 5 replies
Some agents include the assumption option in public or private remarks.I also use property radar to search loan info on local properties.Do you have a VA loan entitlement available and gap funds ?
28 March 2024 | 4 replies
I'm considering a house hacking strategy in the greater Houston area, ideally within a 30-minute drive of Rice University (including Fort Bend County).
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29 March 2024 | 12 replies
100/sqft on a full gut sounds about right - This includes new roof, siding, windowns, electrical, framing, etc - basically everything besides foundation and structureFor a more cosmetic rehab with minimal expenses and alterations to electrical, plumbing, etc you are looking close to 50-60sqftFeel free to reach out anytime and I'd be happy to see your numbers and the project.
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27 March 2024 | 1 reply
Drawer was rotten and had to be cut out. 3. kitchen sink - there was a leak they never reported.