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20 February 2024 | 4 replies
Would there be any issue having each of them on individual leases?
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20 February 2024 | 7 replies
I'm in the process of exploring my options for obtaining a very short term bridge loan (30-90 days) and am reaching out for some guidance and recommendations.
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19 February 2024 | 3 replies
Alongside this we learned what makes a property ideal for buyers, and explored multiple loan options as well as their individual pros and cons.
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20 February 2024 | 14 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.
20 February 2024 | 2 replies
Things that will help in the process:1.
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21 February 2024 | 8 replies
Im also looking to signing up for a real estate class online to try to start the process for get my license(if you have any recommendations please let me know ).1.Is there anything I should know before applying for my first loan?
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20 February 2024 | 11 replies
Make sure it explicitly explains the process for termination if you are unhappy with their services, especially if they violate the terms of your agreement.3.
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20 February 2024 | 2 replies
I am currently in the process of figuring out what I can afford and where the money should come from.
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20 February 2024 | 4 replies
So I am trying to learn or understand the actual process buying from a wholesaler.
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19 February 2024 | 4 replies
I'm looking to find more local Utah Investors to help me expand my network and just meet more liked minded individuals.