Brice Perry
Cash Out Refi of Investment Propeties
18 January 2023 | 20 replies
There are a wide array of different loan programs out there and depending on your specific scenario, some programs would make more sense for you than others.
Alfred Litton
Cash out Refin Lenders for Rental in TX
27 March 2023 | 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 = $350Insurance = $100Association 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 = $250Insurance = $100Association Dues = $25Total PITIA = $1875Rent = $2300DSCR = Rent/PITIA = 2300/1875 = 1.23Lender terms and fees vary widely.
Jeremy G.
Good deal or am I missing something?
26 March 2023 | 16 replies
It's all a math problem, but you have to go in with eyes wide open and use real numbers.
Taylor Wisnewski
Best options to use the equity in the properties I already own?
23 March 2023 | 5 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 = $350Insurance = $100Association 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 = $250Insurance = $100Association Dues = $25Total PITIA = $1875Rent = $2300DSCR = Rent/PITIA = 2300/1875 = 1.23Lender terms and fees vary widely.
Bruno L.
Are condo-hotels good investments?
21 March 2023 | 10 replies
You should do the math and go in with eyes wide open.
Brian Bisdorf
Shipping container "cabin getaways "
25 March 2023 | 7 replies
My observation is that most people do not want to stay in a house that is 8 ft wide.....you'd need (2) 8' x 20' at least IMHO....
Michael J Scanlon
Can i Wholesale on the MLS
14 March 2020 | 52 replies
State laws and MLS rules vary widely on a number of topics.
Brian Gula
Options for down payment on first rental property
22 March 2023 | 19 replies
Philadelphia price ranges can be very wide.
Account Closed
Estimate for SMOKER Rooms Renovation
18 February 2023 | 4 replies
Account ClosedYour question is going to vary widely based on the size of the space, and your location and exactly what needs to be done.
Daniel Levine
Discount Rate
12 August 2015 | 2 replies
In a blank cell type "=irr(CASH FLOW ARRAY)" and it will spit out your return. https://www.youtube.com/watch?