Damian Walker
Co-hosting In Cincinnati
27 May 2024 | 1 reply
Maybe you could contact a local STR management company and work for them for free to get some idea of what is to manage a STR.
Marco Santana
Seller Financing Refi out
27 May 2024 | 7 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.
Jeff Grant
Which System: Propstream, Lead Sherpa or Deal Machine
27 May 2024 | 4 replies
Can anyone give me any input on any or all of these companies?
Shaydon Childers
DSCR LOAN question
29 May 2024 | 12 replies
You would come up with the difference plus closing costs which of course is much lower then 20% of 400k plus closing costs.
Dan Frehmeyer
Replace roof and HVAC?
26 May 2024 | 40 replies
Profit to the company after all that is around 20% .
Michael Chastain
Rental Property LLC Address
27 May 2024 | 2 replies
I have a question regarding the address for an LLC my wife and I just launched to serve as the property management company of our current and future homes.We are preparing to rent our current home to our first tenant and move into a new home.
Ian Hogan
Greater Boston MA Multifamily Market Update - April
27 May 2024 | 0 replies
Sale Price vs List Price spike in April from a constant 0% difference.
Alecia Loveless
Unhappy tenant What to do
29 May 2024 | 16 replies
There’s a few people dabbling with STR property management but nothing that would make a difference.
Account Closed
Looking for STR Market Near New York City
27 May 2024 | 2 replies
Read the various posts about all the different area's many of us invest in.Drill down on what you think would work for you.