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28 March 2024 | 5 replies
My question is how are we able to know when our rental checks will be mailed or processed?
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28 March 2024 | 0 replies
if you feel the same way then please send an email to [email protected].
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29 March 2024 | 4 replies
Any deductions (including mortgage tax, insurance etc.) added there was split accordingly and corresponding amount was shown under rental deductibles.
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28 March 2024 | 5 replies
Hey @Allan Pan, A lot of times my clients and myself included have a hard time setting realistic expectations, and/or accepting "ideal scenarios" don't exist.
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28 March 2024 | 9 replies
@Michelle Martin sorry to hear about all this:(As mentioned already, create notes - we suggest using Excel to build a timeline with: 1st column date2nd column summary of what happened3rd column copies of supporting emails, pics, etc.You can color-code the rows for even easier tracking.What has previous PMC stated about their mistakes & "fraud" repairs?
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28 March 2024 | 8 replies
Prob. worth getting your brokers license, E & O insurance and general liability insurance.
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29 March 2024 | 1 reply
Subsequently, we discovered multiple leaks in the roof, resulting in water damage, including mold growth in our closet.
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29 March 2024 | 8 replies
We have at least 2 rehabs under our belt but this house needs literally everything including some foundational repairs.
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29 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.
29 March 2024 | 4 replies
People who don't own dogs casually call about a dozen different breeds "pitbulls," including some boxer mixes.