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22 April 2024 | 6 replies
I would include extensions in this offer but they would have fees attached to it.that is how i would approach it.
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23 April 2024 | 9 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.
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23 April 2024 | 5 replies
For most of us - the GC that will 100% meet all the requirements including Work Comp certificates covering every person on the job site throughout the entire scope of the project is often too expensive to make a project work.
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23 April 2024 | 15 replies
Almost everyone here on BP will tell you that they wish they had started earlier, myself included.4.
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24 April 2024 | 40 replies
We have 15 long term rentals and 1 str and the premium is $1,903/year total for all of the properties including our primary.
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22 April 2024 | 15 replies
I can share insights on investing on both single and multifamily properties, including out-of-state investing.
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22 April 2024 | 14 replies
It's important to have good advice so you can recognize a hiccup vs a gut punch!
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22 April 2024 | 5 replies
I would also continually watch the market in your target area to get a better feel for what is selling, what features are important, and how long houses are sitting on the market.
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22 April 2024 | 10 replies
That is the most important thing.
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22 April 2024 | 9 replies
I found an opportunity to purchase a property that would cash flow approximately 100 dollars a month in Texas including property management fees among all other various expenses with a tenant already on a lease.