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21 February 2024 | 9 replies
In the sense that trailers provide low-income people with the possibility to be self-sufficient and at least some asset ownership, I think he would favor them.
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21 February 2024 | 5 replies
While I have sufficient capital to undertake 1 or 2 flips at a time, the high cost of properties in the DMV area makes scaling challenging without resorting to interest-based financing.Is this feasible, or is it a stretch?
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21 February 2024 | 6 replies
If you have good credit and sufficient income, that might work.
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21 February 2024 | 14 replies
RE isn't about the quantity of properties always, quality is king
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20 February 2024 | 5 replies
The specs should delineate the quality and quantity of materials.
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21 February 2024 | 32 replies
Wait for mid term, mostly an HELOC From your town home will be sufficient for your next down payment or a few homes in GA.
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20 February 2024 | 6 replies
I feel like value-added opportunities would be easier in SFH over MFH for resales because families would purchase SFH differently from MFH which could be something to keep in mind in the long run as a safety net if you needed to sell because renting wasn't sufficient.
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20 February 2024 | 1 reply
The formula for calculating DSCR is straightforward:DSCR=NetOperatingIncome(NOI)/TotalDebtServiceNet Operating Income (NOI) represents the property's income after operating expenses.Total Debt Service includes all debt obligations, such as loan payments, property taxes, and insurance.A DSCR ratio above 1 indicates that the property's income is sufficient to cover its debt obligations, while a ratio below 1 suggests insufficient cash flow to cover debt payments.Lenders usually have specific DSCR requirements, with higher ratios indicating lower risk for the lender.
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20 February 2024 | 15 replies
If you are in an expensive state, having a separate LLC per property might be too expensive to justify unless the equity in a given property is sufficiently large.
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20 February 2024 | 21 replies
If you show sufficient W2 income you should be fine.