Marc Shin
Should I get extra insurance outside of Aircover?
13 January 2025 | 16 replies
Don't depend on Aircover.Homeowners policy will not protect you if your renting as a STR.You need the correct STR policy to protect your property.
David Fowler
BP Meetup in Barboursville/Huntington, WV Area
5 January 2025 | 28 replies
I see where you guys are discussing meetups and varying schedules.
Allan Yeung
Lindsey Waltz
85% ltv DSCR
29 January 2025 | 7 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 = 1.23If a purchase, you also generally need reserves / savings to show you have 3-6 month payments of PITIA (principal / interest (mortgage payment), property taxes and insurance and HOA (if applicable).
Jose Mejia
refinancing a property from hard money lender
19 January 2025 | 15 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 = 1.23If a purchase, you also generally need reserves / savings to show you have 3-6 month payments of PITIA (principal / interest (mortgage payment), property taxes and insurance and HOA (if applicable).
Mary Jay
Cash flow is a myth? Property does not cash flow till its paid off?
1 February 2025 | 52 replies
It's very personal and varies wildly.
Bryce Jamison
Do you buy older homes for long term rentals?
20 January 2025 | 32 replies
@Bryce JamisonI think it all depends on where you live.
Tod DuBois
Typical Occupancy Rate - and how to calculate?
24 January 2025 | 4 replies
I'm in Los Angeles, so keep in mind it may vary by market.
Jason Dubon
Small Multifamily - Maintenance/Expense Project
5 January 2025 | 7 replies
It varies a lot and depends on the vintage of the property and your tenant base.
Blake McWilliams
Raising Private Capital. Tips and Tricks
5 January 2025 | 4 replies
It all depends on the walls you are hitting.