Anthony Williams
First Investment Property
5 July 2024 | 1 reply
Purchase price: $120,000 Cash invested: $25,000 Sale price: $150,000 2 FOUR PLEXES What made you interested in investing in this type of deal?
Mohamad Guene
LLC incorporated in WY
4 July 2024 | 3 replies
But, that is not always the right answer and you should speak with someone familiar with your personal situation to get advice specific to you.
Anthony Roberts
Finding good Tenants in Toledo
2 July 2024 | 17 replies
I have purchased and renovated a couple of SFHs and am having some difficulties finding good tenants.
Jeffrey Anderson Gil
Buying Prefabricated houses from China with Alibaba, a good deal?
3 July 2024 | 40 replies
I'm specifically interested in their light steel villas and container houses for assembly in the US for multifamily or single family houses/apartments.
Jon Sidoti
Worked with brokers and got great deals!
2 July 2024 | 5 replies
What inspired you to do that versus focusing on one or two specific markets?
Renee Jones
3mth Loan To Start Reno - Renovation Funds Held in Escrow (Reinbursment Only)
4 July 2024 | 10 replies
Terms negotiable.Why Shaker Heights Short answer: Purchased under 70% ARV-Reno, Duplex (two rents), desirable clean neighborhood, decent schools.
Elvin Luccon
Which company to use for DSCR loan?
5 July 2024 | 3 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 = 1.23If 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).
Brett Deas
I am Buying Micro-Resorts
3 July 2024 | 2 replies
And if there's anything specific you'd like to discuss on your calls, let me know—I'm here to help!
Atlas Blake
International Real Estate Investing
2 July 2024 | 12 replies
Hi Team,I'm looking for recommendations on the best established and up-and-coming spots to purchase a turnkey rental or buy land and build from scratch in Central and South America.