Boffill Yosleys
Stuck with a House for sale since November
4 June 2024 | 43 replies
Try to see if you can stage all rooms. don't leave any rooms vacant especially if the rooms are small they will look even smaller without furniture. not many people can imagine a empty room but if you decorate it or show them how it can be used it will be more helpful in buyers decision process.
Chinmay Patel
Cash out Refi on a BRRR
7 June 2024 | 8 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).
Ali S.
Small Mixed Use Building Next Steps
6 June 2024 | 2 replies
I've identified a small mixed use building I'd like to purchase.
Nick Graziose
A Costly Disappointment - Yale Assure 2 Locks Fall Short
4 June 2024 | 6 replies
This makes a good case for smaller test for any future changes.
Adrian Lammersdorf-Scioll
Looking for advice for finding off market properties with mailers in the Orlando area
7 June 2024 | 11 replies
And of that, you might need to talk to 30-40 sellers with proper sales skills and follow up before you come to terms with someone to move forward with a purchase.
Clay White
AirBNB Property Management
6 June 2024 | 4 replies
Hey y'all, I have a recently purchased lake home just east of Kansas City.
Danilo Antezana
Marlyand/Washington DC Flip Project
6 June 2024 | 1 reply
Purchase price: $275,000 Cash invested: $80,000 Sale price: $450,000 This beautiful renovated home near Washington DC promises warmth and comfort.
Flavia Vangelotti
Cash flow rental or a place for your parent?- Financial Advisor help?
6 June 2024 | 21 replies
We have enough capital now to purchase a property and and we are blessed to have capital left over every month as well, which we typically invest in CDs.Here are our current options: 1-Buy a turnkey place that has nothing to do with mom for cash flow of $200-300/month plus potential appreciation, overall ROI of 15-20% 2- Ask mom if she would move closer to us in San Diego, buy a small place here, have zero cashflow but at least we have another property in a great appreciating market and are no longer spending the $800 on her rent3- Buy a place for her in Orlando, same scenario as above but obviously a lesser mortgage since its FL and not CAWe found a great turnkey company we liked so if we do option one I think we will use them, but it just feels like if we do that we will still be tossing away what we currently pay on her rent.
Bruce Lynn
AP at larger properties
4 June 2024 | 4 replies
Seems like word would get out, but maybe there are enough smaller vendors looking for work that they're willing to take a chance.I remember back in the day there were issues with banks/lenders wanting us to take on AP for them with all the property preservations.
Ty Mould
Agent wont allow me to assign the contract
8 June 2024 | 17 replies
People purchase our deals that were on market often.