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14 March 2024 | 11 replies
This would include buying any property as both property types are well over this limit for useful life.
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13 March 2024 | 15 replies
Ohh the cost also includes foundation, delivery, button up.
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14 March 2024 | 8 replies
But the agent included 2 MLS listings in the contract. it’s for 2 huge markets in NC - I didn’t win the property I signed with the agent for.
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15 March 2024 | 10 replies
This could include techniques such as seller financing, lease options, partnerships, or private lending arrangements.
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14 March 2024 | 16 replies
I personally use designers, and I budget $20 a foot for everything including design fee.
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14 March 2024 | 50 replies
Basically, I forgot to include it.
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14 March 2024 | 13 replies
Strive to build a strong team of professionals, including property managers, contractors, and advisers, to help support and streamline your investment efforts.Remember, achieving financial freedom takes time, dedication, and smart decision-making.
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14 March 2024 | 6 replies
My broker has a 90/10 split for all agents with a $15k cap and $99 monthly fee which includes E&O Insurance.
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12 March 2024 | 10 replies
Other costs include $1,100 for taxes and insurance, $580 in HOA fees, and $200 for lawn care, totaling $1,880 per month.These rental properties are situated in desirable locations, and I have enjoyed consistent long-term tenancy with minimal turnover.
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12 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.