Kris Kempe
Creative finance objections
31 July 2024 | 2 replies
The 2nd offer usually has all the contingencies that the seller would be on board with (i.e., quick close, no finance contingency, as-is, etc.) but is priced so low that sellers will re-think the creative finance offer/option.
Christopher Douglas
Connecting with Fellow Real Estate Professionals
31 July 2024 | 6 replies
I wish you all the best in your investing journey!
Essam A.
Refinancing as non-resident living in Germany
1 August 2024 | 2 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).
Krishna Surendra
Seeking Recommendations for Property Management Companies in St. Louis
30 July 2024 | 4 replies
Consider all the things that could go wrong and see if the lease addresses them: unauthorized pets or tenants, early termination, security deposit, lease violations, late rent, eviction, lawn maintenance, parking, etc.5.
Mike Dawson
Beneficial Owner Information Reports. Company applicant???
30 July 2024 | 11 replies
All company applicants must be individuals.
Johnathan Cummings
Student rentals in Easton, Pennsylvania
31 July 2024 | 2 replies
The College Hill area averages around $2,082 across all unit types.
Irving Gonzalez
Buying a second multi-unit property
30 July 2024 | 7 replies
I owe $345,000. after paying the mortgage and all utilities I would cash flow $500/month.
Michael Russell
Hello, Real Estate Enthusiasts! Meet Uncle Mike: A Veteran Ready to Invest
30 July 2024 | 10 replies
Let’s build a supportive community where we all thrive financially.
Doug Smith
Is your question on BP appropriate?
23 July 2024 | 10 replies
Many of the posts here are quasi-commercial/lead-generation in nature.
Jamal Tyree
Any Experience with Renters Warehouse
30 July 2024 | 12 replies
They seem to have all of the tools and provide a lot of back-end support to their franchisees.