Donald Wayne Hayes
house hacking, first time buyer
18 January 2023 | 6 replies
Also, if you are looking for more than 3 units, you would also need to consider the self sufficient test that FHA and you would need to past the test in order the qualify.
Paul Stamm
Creation of LLC for Real Estate
3 January 2023 | 21 replies
Your basic insurance policy with $300,000 in liability coverage should be sufficient in 99.999% of all lawsuits.5.
Pratap Koppula
"Uncovering the Financial Health of Assets: The Benefits of Financial Due Diligence"
18 January 2023 | 0 replies
It can be an absolute value or expressed as a % of sales.2️⃣ Capitalization Rate (Cap Rate) 💯 : This is the ratio of 'net operating income' to the purchase price (market value) of the property🔝.3️⃣ Cash-on-Cash Return (CoC) 💯: Cash available to Investros divided by Cash invested 🔝.4️⃣ Net Present Value (NPV) 🔢: NPV measures the present value of future cash flows generated by the investment, taking into account the cost of the investment 🔛.5️⃣ Internal Rate of Return (IRR) 💯: It is the rate of return that makes the present value of the future cash flows from the investment equal to its initial cost 🔝.6️⃣ Sales multiplier ❌: Sales multiplier is a key performance indicator used to measure Price of the asset in relation to assets sales, particularly in the rental and hospitality 🆗.7️⃣ Rent per Square Foot ➗: It is a Key Performance Indicator used to measure rental income, per squarefoot, often popular in CRE ♊ .8️⃣ Debt Service Coverage Ratio ➗: It is a measure of a property's ability to generate sufficient income to cover its debt obligations (Cash available for Debt divided by Loan installment) ⁉.9️⃣ The interest coverage ratio ➗: It measures a real estate asset's ability to cover its interest payments (Asset's net operating income (NOI) divided by Interest. ⁉.🔟 Debt-to-Equity Ratio➗: A measure of financial leverage, calculated by dividing its total liabilities by its shareholders' equity ⬇.
Chris Mason
*HUGE* "house hacking" mortgage guideline change in pipeline
10 August 2019 | 46 replies
Normal Freddie Mac property standards.No FHA "self-sufficiency test" that kills transactions at the last minute.Underwritten and funded in-house, no send-off to an outside Agency for approval.That's all great, but the problem that frequently came up is historically (and for the next 2 months) you couldn't own other real estate.
Rich Bultema
Selling house with ungrounded 3 prongs.
19 January 2023 | 5 replies
If there's sufficient interest in your house, the buyers might overlook the issue despite your disclosure.
Hoa P.
Income verification after HELOC approval
9 February 2019 | 3 replies
They won't care if the income source has changed, if its sufficient and seasoned.
Val Lemoine
Which Brokerage to Choose as an Investor-Agent
21 April 2016 | 4 replies
The mindsets of residential and commercial brokerage are sufficiently different that being in a commercial setting is worthwhile.
Anthony Barbato
Analysis of a fourplex
29 December 2019 | 6 replies
You should also consider that FHA 3.5% down requires meeting the self sufficiency ratio.
Skyler Walker
How do I let applicants down, sincerely and professionally?
4 August 2019 | 36 replies
We try to answer all of these as professionally as possible but usually that is sufficient.
Mehran K.
Insurance Advice: $1MIL Liability Coverage - Do I need an Umbrella Policy?
14 January 2014 | 10 replies
Are these limits sufficient?