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24 January 2025 | 21 replies
This means building a budget that includes setting aside funds for your next investment.
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14 January 2025 | 15 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 = 1.23If a purchase, you also generally need reserves / savings to show you have 3-6 month payments of PITIA (principal / interest (mortgage payment), property taxes and insurance and HOA (if applicable).
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26 January 2025 | 2 replies
Factors that affect hourly rate Job complexity: More complex jobs may cost more.Handyman's experience: Less experienced handymen may charge less.Region: Some regions have higher labor rates.Minimum charge: Some handymen may charge a minimum fee for small jobs.Mileage: Some handymen may charge a mileage fee for jobs outside their service area.What to expect to payA handyman may charge between $35 and $80 per hour.
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9 January 2025 | 12 replies
We measure against 15 different factors.
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19 February 2025 | 9 replies
Then they tell me they didn’t get it and once resent said they couldn’t use because it didn’t include the appraisal value with reno.
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26 January 2025 | 1 reply
We don't allow any "deal-making" in the forums, which includes advertising your services or properties, looking for partners, etc.
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28 January 2025 | 10 replies
The home is 4bed/3bath and 1990sqftFinishes= quartz countertops, fully tiled showers, 8ft doors, LVP flooring throughoutFinancing isn't included in Gross Margin.
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4 February 2025 | 3 replies
I have only 3 doors that I manage so not a big time player so wanted to start with some cheaper software and I heard on the podcasts that RentRedi was included in my pro membership so I signed up.
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16 January 2025 | 23 replies
Include balloon payment after 5 years.
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24 January 2025 | 1 reply
If anyone could include what to look out for in a good deal and a bad deal