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2 April 2024 | 9 replies
I imagine "Loan Origination" and anything paid to the bank itself can be negotiated but I am being quoted different amounts and line items are labeled differently in each quote (e.g.
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4 April 2024 | 21 replies
I am sure you know it makes all of the difference on the investment journey.
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2 April 2024 | 1 reply
It isn't insanely different from regular deal but it is also great not paying high fees for a DSCR loan.
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3 April 2024 | 7 replies
Travelers are looking for a different experience than short-term guests.
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2 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.
2 April 2024 | 4 replies
Each metric answers a different question.
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2 April 2024 | 2 replies
Property 1 is purchase of 80k and 10k in repairs, property 2 is 40k with 30k in repairs.I'm thinking of different options on how to fund and I'm not sure what options I actually have and/or would be best.
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3 April 2024 | 17 replies
Also make sure you interview at least 3 different companies and ask their fees, their business structure and how communication works.
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2 April 2024 | 3 replies
Malave Each state is different.
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2 April 2024 | 20 replies
I'm trying to get used to the timing of when the different payments come in.