Greg Wilkowski
Are people finding MFHs that meet DSCR loan requirements of 1.25 income/debt?
20 February 2024 | 4 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.
Ravi Ramu
Locust Lake Village, Pocono Lake - Newbie Needs Short-Term Rental Advice!
21 February 2024 | 4 replies
I can guide you on the documents and permit process should you need, or your manager will, when it comes time.3.
Samantha Kiser
Are failing windows and potential water damage a deal breaker?
21 February 2024 | 4 replies
My husband and I are in the process of buying our first home, a duplex that we are planning on house hacking.
Frank James Batignani
LLC Formation for Real estate Investing
20 February 2024 | 4 replies
If you do a search for LLCs on BP, you'll see a range of opinions - it depends on your individual situation and risk tolerance.For 2024 if you have an LLC you have to file additional paperwork with Corporate Transparency Act or face fines from the IRS.
David Cianci
Real Estate Course/Strategy
21 February 2024 | 8 replies
Could I only get connections with high net worth individuals from a program like this?
Alex Ng
How are your MTRs getting booked?
22 February 2024 | 19 replies
Professional photography, how to talk about the space, SEO, screening process, how quickly and thoroughly you respond to prospects, proximity to hospitals/industries utilizing temporary contract workers, etc.
Dan W.
Ryan Pineda's FutureFlipper Course Reviews
21 February 2024 | 8 replies
But the process really is simple.
Mark Pitt
Has anyone tried/used Showmojo yet?
19 February 2024 | 18 replies
It takes several steps out of the traditional process of setting up a phone appointment.
Patrick Forelli
LP GP deal structure
21 February 2024 | 7 replies
Complicated finances, different decision-making processes.
Madeline Mercer
Financing my purchase
21 February 2024 | 8 replies
I am in process of purchasing an investment property in New Jersey.