
21 March 2024 | 34 replies
Don't include properties outside of a 1 mile radius, or properties that are not within 10% higher or lower of the size of the property in question.

20 March 2024 | 4 replies
., Hapeville, GA 30354I've spoken to SketchHaus and an independent architect and it's averaging around $4,000 - $5,000 including the layout and plans to have approved permits.

19 March 2024 | 7 replies
I'm a trust but verify guy so 3 times a year we have picture inspection reports done so I know the condition of the unit, cost $75, Will share information if requested.Best,Mike

21 March 2024 | 7 replies
There's a lot of development occurring South Fulton area, Camp Creek is a very great hub that includes restaurants, shopping centers, and direct connection to the airport.

19 March 2024 | 12 replies
There was a report on an apartment fire here, over 20 tenants became homeless, and the newspaper lamented that was because no one had renters insurance.Just to mention your tenant will sue you for negligence in the absence of such insurance.

21 March 2024 | 9 replies
They include money toward the acquisition and also include escrowed money for rehab work.

20 March 2024 | 8 replies
All of the quotes are including rental income replacement.

22 March 2024 | 12 replies
Consulting with both a real estate attorney and a licensed architect is crucial.The attorney can advise on the legal aspects of converting a cellar into a legal apartment, including zoning regulations, building codes, and the legalization process.The architect can assess the physical space, determine if it meets conversion requirements (ceiling height, egress, etc.), and create plans for a compliant renovation.The 2019 pilot program you mentioned wasn't permanent, and the high costs associated with it discouraged participation.

21 March 2024 | 7 replies
If your long term tenant is willing to pay more include the utilities and raise the rent.

21 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.