Christian Jones
Funding Rehabs when the originating bank has frozen new loans
1 February 2023 | 11 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 = $350Insurance = $100Association 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 = $250Insurance = $100Association Dues = $25Total PITIA = $1875Rent = $2300DSCR = Rent/PITIA = 2300/1875 = 1.23Lender terms and fees vary widely.
Veronica Giggers
Thoughts about purchasing multifamily with all 1 bedroom units
11 February 2023 | 26 replies
Often due to non-payment as soon as their benefits run out, and other times due to drug and alcohol abuse or mental health issues.
Isacc Lightbourn
What is a cap rate and why are they important ?
17 November 2020 | 92 replies
These polar opposites of cap rate definitions can be illustrated below:From Investopedia (https://www.investopedia.com/t...).
Cassie Villela
San Antonio Real Estate Market Update 11/17/21
23 November 2021 | 1 reply
The lines I’d pay attention to are the aqua and orange lines; these are the more average home range and are better indicators of the health of the market.We saw month supply creeping up over the last few months, but now it seems stable.
Account Closed
ESA on property before I received letter.
1 December 2021 | 27 replies
The dog has been there for a few weeks and I just received the recommendation letter and also the letter from a licensed mental health professional in the area that has been seeing my tenant for over a year in a half.Papers stated my tenant has 3 mental Illnesses in the DSM.
John Ringgold
What's the typical lease missing that you've added to yours?
1 March 2021 | 91 replies
The standard pet fees and any applicable lease violation fees will apply if Resident(s) are found not to be in compliance with ESA Certification requirements as follows: ESA Certification requires diagnosis from a local mental health professional.
Jeremy Bottlinger
Education is Important
10 February 2023 | 14 replies
@Andrew McGuireAre you trying to illustrate patience by using an example of an investment that increases in value by 1% every single weekday?
Jeffrey Hunter
New and aspiring real estate investor
3 February 2023 | 12 replies
Fast forward to now, I double majoring in Construction Management & Occupational Health and Safety, along with a minor in Business Management.
Ace Kaspar
My thoughts on the latest episode of On the Market
8 February 2023 | 13 replies
However, as someone who travels a lot and is always researching, reading and trying to look at things through a different view, I think the area is amazing but not enough to be top 5.Raleigh/Charlotte has huge potential and is ever expanding in both the health care industry and technology sector.
Tim Richter
Dealing with mice - what do you do?
23 June 2021 | 53 replies
You want to address the issue since mice could ruin electrical wiring, dry wall, pose health hazards, etc.