AJ Wong
Hidden costs & considerations for out of state or STR vacation rental investors
26 February 2024 | 9 replies
As many investors know, lenders typically require more down payment 15-25% and to utilize Debt Service Coverage Ratio or DSCR loans would not allow vacation rental projections or income to be utilized for qualifying purposes.
Anthony Pelaez
Radan Test- Help!
27 February 2024 | 6 replies
If in your contract with the builder you made it conditional on inspections (including a radon inspection) and completed the inspection within the due diligence time period, I would think you should be able to back out of the contract without paying any additional costs.
Engelo Rumora
WTF is wrong with this investor?
26 February 2024 | 32 replies
You can never be everything to everybody, but you offer a service that someone, somewhere wants.
AJ Wong
What are your top STR Hacks? Here are four that worked for us and our clients.
27 February 2024 | 4 replies
The service fee or cost can be justified in saving time (and mortgage payments) during the application and approval process.
Kevin S.
What to do with $1,000,000.00?
1 March 2024 | 140 replies
Its completely hands-off (other than monitoring your account), very liquid, no additional expenses (like a leaking toilet, new roof, new flooring, etc.), and not deferred tax liability (which automaticlaly happens with a rentla).Oh, and you still get a step up in basis --- don't know why it keep being sold "as-if" real estate is the only asset that gets a step in basis on death...
Nina Zou
Subject to deal
27 February 2024 | 3 replies
For mortgage debt, the following additional requirements must be met:the party making the payments is obligated on the mortgage debt,there are no delinquencies in the most recent 12 months, andthe borrower is not using rental income from the applicable property to qualify.
Logan Lester
Sell or Keep & Rent
27 February 2024 | 8 replies
However, lower down payments typically result in higher monthly payments and PMI, so it's best to explore various options and consider all associated costs.If you decide to rent out your current home, consider whether self-managing the property or using a service would be the best fit for you both.
Peyton LaBarbera
Do you really need IRR or NPV in rental property investing?
27 February 2024 | 11 replies
Different investors swear by different criteria, whether it's IRR (and the closely related NPV), cash on cash, the debt coverage service ratio (DSCR), the CAP rate for a property, or some other metric.
Amie Liu
property mgmt review - seeking advice - rei nation
26 February 2024 | 18 replies
It was truly a white glove service from selection of the home, to finding a lender, to finding appraisers/inspections/ins agent etc.
Noah Bacon
Which hardware store do you use?
26 February 2024 | 2 replies
Please consider factors like price, location, product variety, customer service, and brand loyalty.