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13 April 2024 | 12 replies
I would say that a 1.20x DSCR ratio minimum for BRRRR is a bit high - plenty of options out there that wouldn't require such a hurdle A lot of industry DSCR requirement doesn't make sense actually, typical cap rate right now for single family with average price of $1.3 mil in SJC is about 1.5-2.0% right now, DSCR is whooping low 0.3-40.I don't know how you guys could qualify DSCR rental in CA these days.Now that our friend in Milwaukee is having trouble getting financing of his own, and we speak about Milwaukee here where not too distant ago, it was in double digit cap rate territory.my question to you lender folks how are you adjust to these situation ?
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9 April 2024 | 0 replies
W/D will be used/refurbished and I'm looking for verbiage to add to my lease confirming that tenants use them as is, and LL is not responsible for repair/replacement.
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10 April 2024 | 21 replies
Look up his Airbnb profile and just take a look at his listings.
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11 April 2024 | 2 replies
If anybody has any tips on how I can sell a 2br/ 1ba rowhome in the Old Kensington/ Fishtown neighborhood in the quickest / easiest way, please let me know.
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12 April 2024 | 2 replies
I'm assuming since both my father and I owned the house there would be a stepped up basis to 1/2 of the value of the house upon his death or roughly $750k..
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12 April 2024 | 27 replies
A very general question that will illicit many responses.
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12 April 2024 | 2 replies
We've done exactly this with my middle son, and three of his friends...find their first house that has rental space that they can leverage to offset most if not all of their mortgage.
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12 April 2024 | 10 replies
Familiar response from my teenagers growing up.
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10 April 2024 | 22 replies
I'd appreciate any tips or insights from anyone--thank you!
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9 April 2024 | 3 replies
Hi Bonnie thank you for your response, so this new build actually is already in plan to be built but pending for until they find a buyer.