Brett Staton
Got my first deal!
8 April 2024 | 1 reply
Investment Info:Large multi-family (5+ units) buy & hold investment.
Jared Davis
Purchasing First Rental Property
9 April 2024 | 11 replies
This criteria is for 1-4 and 5-8 unit programs.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.
Yoel Peyamipour
Property Lead Generation
8 April 2024 | 7 replies
Hey @Yoel Peyamipour If you are looking at 5+ Unit multifamily, id recommend reonomy or costar which tends to have the best commercial data out of any platform.
Marie Larcom
Tenant lease expired January 18, 2024, tenant has taken down our living room blinds
9 April 2024 | 13 replies
Sounds like a whole lot of issues over nothing as someone with 45 units blinds and a few holes are the least of your worries the turn over and vacancy cost to replace a tenant would far exceed some minor miscellaneous cosmetics.
Shane J. Renard
1893 Victorian Home Oconto WI
8 April 2024 | 2 replies
Investment Info:Small multi-family (2-4 units) buy & hold investment.
Aaron Washington
STR features and their effects of bookings.
9 April 2024 | 15 replies
Create a desire to choose your home over the other 10's of thousands and you won't be fighting (as hard) to get your unit booked and noticed.
Jeff Ebert
Guest is claiming the bathroom is dirty upon check in
9 April 2024 | 21 replies
Airbnb loves to refund 30% for complaints, so for us right now we have some units renting for $1000+ a night.
Rebekah Bloom
San Miguel de Allende Mexico Real Estate
4 April 2024 | 0 replies
Casa de Arte is a beautifully appointed home designed and furnished by local San Miguel de Allende artists.
Issac Harris
Best locations for STR/vacation rental
6 April 2024 | 46 replies
A lot of people left, they let their bank have their house that they had a loan for.I buy the bank foreclosures, furnish them from estate sales, then rent them out to the contractors.6 months of STR rent pays for the purchase price of the house.