Sienna Cardona
Starting Out in Real Estate as a Younger Individual
8 February 2024 | 6 replies
Not to sound condescending or ignorant, but are you interested in wholesaling because you saw an Instagram or ticktock of some guy waiving around a hefty assignment fee check?
Kevin Vasquez
Acquiring a DCSR loan and needing help picking a scenario
7 February 2024 | 18 replies
Also, good catch on the fees, I will follow up on that.
Kevin Perez
Your Story on Scaling!
7 February 2024 | 8 replies
HMLs are pretty easy to obtain but are packed with fees.
Ryan Beesley
DSCR Brokers/Lenders - 4 unit multifamily to fund.
7 February 2024 | 13 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.
Adam Marx
REO Listings? Good or bad idea?
7 February 2024 | 4 replies
In fact, the willingness of a bank to negotiate on the price of an REO property can vary significantly, depending heavily on factors such as how much was owed on the property at the time of foreclosure and the bank's current inventory of REO properties.When considering an REO property, especially one that requires significant work like adding a bathroom to make it comparable to current 3/2 homes in the market, it's crucial to do thorough due diligence.
Chase Judd
Cost Plus Construction Loan to include Lot Price?
7 February 2024 | 3 replies
In his contract to sell, he stipulates that his company will be the builder on a cost plus building fee.
Patrick Lee
Seeking Advice On A New Client Who Wants to Work With My Company
7 February 2024 | 11 replies
I found out through my own research that low scale as a project manager the fee or rates can range $8000 to $10000 and upscale as far as $20000 plus 10% of the profit.
Noah Laker
I host over 100 AirBnB Listings in CA and AZ **Ask Me Anything**
8 February 2024 | 111 replies
You may appoint yourself, or yours truly, Noah Laker.STMD (Sacramento Tourism Marketing District)Every STR operator within the city also needs to pay an STMD assessment fee.
Jonah Downs
Favorite bookkeeping software?
8 February 2024 | 16 replies
Enter recurring charges and automatic late fees.
Arshiya Taami
Whats the best loan option to get for my situation?
7 February 2024 | 9 replies
He only needed like 17k for the downpayment and fees.