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Results (10,000+)
Christopher Pride Where to buy a 4 plex? Questions on location, strategy and partnerships
23 April 2024 | 8 replies
We're interested in a place to live that breaks even with 3 units rented, has some value to add and is relatively clean in an area good for raising kids (no ghetto/near industrial, etc)  We have about 100k of skin.What are some areas worth focusing on?
Eric L. Creative financing, seller financing
23 April 2024 | 9 replies
Even then, it's in a middle class neighborhood which should be more protected in hard times.
Drea Smit Financing a purchase through LLC
24 April 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.
Chris Baek Debt Service Coverage Loans
23 April 2024 | 9 replies
Qualifications typically center around whether the monthly rental income can at least break even (1.00 DSCR) with the monthly PITI.We would simply need to know the following information to determine eligibility, interest rate, and loan terms for DSCR financing:o Purchase or Refinanceo Property Addresso Monthly Rental incomeo Annual Taxeso Annual Insuranceo Estimated Credit ScoreThe documentation is relatively light as well, compared to a conventional loan underwritten to your personal income/taxes/debts.▪ Entity documents ▪ 2 months of bank statements ▪ Photo ID ▪ Lease agreement (refinance) ▪ Sales contract (purchase)
Account Closed Skip trace + DNC Scrubbing
23 April 2024 | 28 replies
NONE of them had the phone numbers right, even the best rated sellers.
Mica Moore Rental property expenses increasing-- time to sell?
23 April 2024 | 8 replies
You bought it about 2 years ago knowing some of the upcoming expenses and should have budgeted for those.If you sold it, you'd break even and wouldn't make any money on the house itself after your expenses. 
AJ Santiago Help! Looking to invest in Crestline / Big Bear CA
23 April 2024 | 22 replies
For STRs, yes they seem to be pretty lucrative, even more so since Covid began.   
Luis Salas Learning the ropes
23 April 2024 | 3 replies
In NC, when you speak to a potential seller, you are legally required to share with them that you're an agent even if you're there to buy their property or wholesale it off-market.
Kristian Nyrønning How to do wholesaling in europe
23 April 2024 | 3 replies
I live in norway and almost no one know what wholesale is here not even the bank or real estate agents so how can i start with it and how do i find investors in europe ir norway 
Alberto Nikodimov Maximizing Returns on STRs: Leveraging Seasonal Pricing Strategies with PriceLabs
23 April 2024 | 4 replies
PriceLabs is pretty good at adjusting to our season, but I believe it works even better when you adjust pricing and minimum stays, especially when it comes to mid-season months, very high, or very low season.3.