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24 April 2024 | 15 replies
I am always down to talk about real estate investing in Columbus, Ohio.I can share insights on investing on both single and multifamily properties, including out-of-state investing.
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24 April 2024 | 15 replies
Other key strategies may include finding homes with a lake or forest view, or near the clubhouse, south- or west-facing pool, the list goes on.Happy to chat about some ideas and learn more!
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25 April 2024 | 15 replies
This criteria is for 1-4 and 5-8 unit programs.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.
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24 April 2024 | 3 replies
However, if the $4k/month also includes utilities and other maintenance (i.e. gardening, pool service, etc.) then you'll have to factor that in as well.
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23 April 2024 | 1 reply
Has anyone had any luck in lowering their insurance premiums by providing the leases, that include a long list of safeguards, to their insurance company?
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24 April 2024 | 2 replies
I’d also think about creating a sales position that is based on commission.
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24 April 2024 | 14 replies
*This post does not create an attorney-client or CPA-client relationship.
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22 April 2024 | 18 replies
. $99)[REALLY NEW] https://www.incomedigs.com/&nb... online, seems good but so new... also $600 for the bootcamp) These fees above include books/video courses & chart of accounts download but do not include any personal help with setting things up, in-person instruction, or ongoing maintenance.
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23 April 2024 | 7 replies
I do need to create a nest egg which I am working on.
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23 April 2024 | 7 replies
I have an LLC I created 2 years ago that's been sitting around doing nothing.