Jared Knudson
Looking to invest in 3rd out of state Rental Property
2 April 2024 | 15 replies
My main concerns about Florida include: Chinese Drywall (very toxic; found in older homes); HOA Restrictions; Lots of people/crowds; sinkholes (properties sinking into the ground); Red tide (dead fish found on beaches due to algae bloom); Homeowners Insurance costs (w/older roofs); Mold; Hurricanes/Flooding , New construction (not always built to quality)... these are the most common issues found in the Florida market.What zip codes would you recommend for a single family investment property under 300k to mitigate these concerns?
Matthew Slaughter
Upstairs Tenant Playing Loud Music All Night, Downstairs Tenant Called Cops
31 March 2024 | 4 replies
If they deny the incident entirely, then I would get a copy of the police report and use that as justification to send that lease violation notice and include a copy of the report so that they know they can't get away with lying to you.
Lisa Thoele
Setting up a tiny house community like a mobile home park?
1 April 2024 | 59 replies
"Tiny homes" is actually a classification that includes 6 different types of dwellings.
Jacob Hafer
Rental Application Process for multiple renters
1 April 2024 | 10 replies
The application includes a background report and credit report.
Sabina Hasan
P&S Syndication GP
1 April 2024 | 3 replies
Is there one main GP that drives the P&S and legal docs then creates an operating agreement with me ?
Andrew Rellinger
Range Hood Options
1 April 2024 | 5 replies
Should I create an attic access point in the area of the home that the kitchen is in just to install a vent?
A.J. Vanderhoff
Seller financing a triplex - $500k, $80k down, 6% - I don't have $80k, help?
29 March 2024 | 31 replies
I underwrite a lot of deals for others, including creative deals, such as subto, seller financing..the first of all, you do need to know if that's cahs flow @ 6% under their asking price.
Thor Klein
Refinance Qualification Questions
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.
Sophia Wsichnewski
New post on an old account
1 April 2024 | 2 replies
I’ve already created an account and post, yet it’s been awhile since I’ve been on here.
Nadir M.
How to set up viewing a property for rent before tenant moves out.
31 March 2024 | 9 replies
DO NOT let the applicants walk the property by themselves, especially if your existing tenant still has their belongings at the property (this could create some messy situations).