Noey Santiago
Refinancing with a Low Credit Score
30 October 2024 | 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 = $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).
Francis A.
In fast-growing Phoenix, higher rents have pushed more people to their financial limi
30 October 2024 | 4 replies
Court filings to evict tenants across Maricopa County, home to Phoenix, hit a single-month record of more than 8,000 in January.
Tom Brooks
Have come across Justin Wilmot Lead Partner University - can't find any reviews...
27 October 2024 | 24 replies
I told them that I would file complaints against him if he won't refund my money.
George Bell
How to structure LLCs for rental portfolio
5 November 2024 | 28 replies
CA has $800 LLC fees, and you will have additional expenses of tax filing etc.
Jessica Swanson
Tenets Not Out by end of Lease
31 October 2024 | 3 replies
That way they know you are serious, and if they don't end up moving out there's no further delay on filing to start an eviction proceeding.
Janet Behm
$500 Daily Fine for Corporation, LLC, & HOA
28 October 2024 | 0 replies
Filing is free of charge and part of the Fed’s idea of an easy form to complete.
Ryan N Lacida
Tax Structuring for Non-US Residents
30 October 2024 | 4 replies
If the foreign tax obligations is $500 and the cost to file the C-Corp is $1000.It may potentially not be worth it.How does the cayman islands tax rental income from the US?
Stacy Tring
Can a lender file a lien after default if the contract did identify the property?
23 October 2024 | 2 replies
My understanding is that most lenders will file a mortgage lien on the subject property as soon as the loan is signed so as to preserve their rights, but what if the lender did not do so before the borrower defaulted?
Edward Segaar
Hello BiggerPockets! New PRO here
30 October 2024 | 12 replies
It contains hundreds of files such as ebooks, checklists and spreadsheets for real estate investors: https://www.biggerpockets.com/filesGood luck.
Cynthia Leite
Scope of work (SOW)
31 October 2024 | 4 replies
@Cynthia Leite Not sure how to attach a file here so I just sent it that way, let me know if you'd like to have it via email.