Alvaro Suarez
How to avoid the 6 month no cash out period?
15 May 2024 | 11 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.
James Ibarra
New Real Estate Investor Introduction
14 May 2024 | 2 replies
I am concern with the high interest rates but even with those I managed to cash flow which is what I am looking for.
Connor Castillo
Buying a home with a personal loan from your own LLC?
14 May 2024 | 4 replies
Like I said, I am probably way over thinking this, and this is probably not even possible, but I appreciate any advice.
Jon Thomson
Small but mighty vs expanding the portfolio
14 May 2024 | 7 replies
While I’ve made great strides I expect it will be at least another 5-10 years before I get even close to where I want to be.
Jennifer Wood
How Does a Realtor Help Me in a Flip?
15 May 2024 | 11 replies
Even my personal prop to live in I find and negotiate.
Gabrielle Jean
First Steps Towards STR Co-hosting
12 May 2024 | 9 replies
While I've done some research on the topic, I feel that hearing from those with firsthand experience could provide invaluable insights.From what I gather, co-hosting involves assisting Airbnb hosts with various tasks, ranging from guest communication and check-ins to cleaning and maintenance.
Sebastian Durden
Question about partnership structure - how to split properly?
14 May 2024 | 1 reply
It makes even more sense to use an LLC when there are multiple owners.
Kelly Farmer
Ohio Cashflow and Oz Realty Review
13 May 2024 | 4 replies
Me (thinking to myself): Even if I have 10 properties averaging 4%, that's still only going to add up to 4% on average. 2.
Andrew Fidler
Toledo Blade Article - Real Estate Boom!!!
14 May 2024 | 15 replies
Even if California will not relent on adjusting emission control standards, and the more than 1,000 supplemental workers at the Stellantis Toledo Jeep plant who are expected to rise to full-time permanent status are laid off, on balance, local incomes are rising.For the vast majority of individuals, a home is the largest single investment of a lifetime.