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30 April 2024 | 9 replies
Its important to factor in the costs to remove the current tenants.
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30 April 2024 | 5 replies
Do you just include all utilities in monthly rent since it’s coming from one breaker and water account?
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30 April 2024 | 37 replies
hmm...well, as someone who has 20+ million in warehouse lines of credit I do know that it would still be fraud not to include those loans on the application/quarterly financial statements that are required for business credit.
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30 April 2024 | 9 replies
The best documentation in the world won't help you strategically plan how to use your 1031 opportunity if the QI isn't responsive to in a timely manner.Demonstrated experience and nationwide footprint I would toss out as the two most important criteria.
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30 April 2024 | 7 replies
If speed and ease is more important than rates, I would look at private lending for this.
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30 April 2024 | 0 replies
Touring properties is super important when you're thinking about investing in real estate.
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29 April 2024 | 5 replies
Using a good/responsive qualified intermediary is also really important.
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29 April 2024 | 7 replies
However, it's important to remember that there could be numerous reasons why they may not want to buy a particular property themselves.
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29 April 2024 | 3 replies
I was wondering if anybody got any tips, topics, questions, and/or talking points they feel would be important?
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1 May 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.