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28 March 2024 | 1 reply
Here is what I expect as topics at least for starters:Investment strategy evolutionCreative borrowing/lending structuresLeverage and long term debt planningTax structures and planningYour questions/problems/interests/goals here!
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29 March 2024 | 1 reply
Subsequently, we discovered multiple leaks in the roof, resulting in water damage, including mold growth in our closet.
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29 March 2024 | 8 replies
We have at least 2 rehabs under our belt but this house needs literally everything including some foundational repairs.
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29 March 2024 | 13 replies
Get rid of debt, build a budget, and save.
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29 March 2024 | 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 = 1.23DSCR lenders generally let you vest either individually or as an LLC.
28 March 2024 | 2 replies
I am including an itemized list of repairs next page.Thanks,Dear [Tenant],This letter is regarding your security deposit of $X for the property located at [address] for the lease period of Jan 2023 - 2024.I am deducting $X from the security deposit for charges listed in the Resident Responsible Charges document.
29 March 2024 | 4 replies
People who don't own dogs casually call about a dozen different breeds "pitbulls," including some boxer mixes.
29 March 2024 | 9 replies
@Yasmin Sharbaf if it’s not new construction, your agent would usually have shown you current tax records including what they list as square footage, especially if that was a known concern of yours.
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27 March 2024 | 5 replies
Make sure you get your financial house in order first -- decrease debt, increase income, & maintain a good credit score.
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27 March 2024 | 15 replies
I'm taking my debt level from 260K to 800K just on the 5 properties and then using that cash to put myself another 960K in debt.