Sabrina Dagostino
How would you use 300k to start investing in real estate?
25 January 2024 | 70 replies
Improve Rent collections and Reduce Expenses = increased value.
Nicholas Mann
Commercial Rent Application
24 January 2024 | 6 replies
We include common areas, backyard, front area, noise regulations, roof access regulations. late payments, fines for pet waste, garbage disposal etc.
Hyeseong Park
Is there any lender that doesn't require bank statement for DSCR loans
24 January 2024 | 8 replies
DSCR Lenders will generally allow multiple sources for liquid assets, including cash-out proceeds, and statements from retirement or investing accounts.
Jason Sung
Tax return cost: CPA vs Turbo Tax
24 January 2024 | 13 replies
I did tax return last year (including buying two SFH houses, selling one house) through a CPA and he charged me ~$1000.
Pedro Porc
Type of Loans Available
24 January 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.
Travis Steinemann
Baton Rouge Airbnb
24 January 2024 | 0 replies
We fired our contractors after they didn't clean anything before painting, including the tile floors where we used a special tile clad paint.
Adam York
Creative ideas for increasing security on property
24 January 2024 | 2 replies
Hey everyone,I manage 12 lofts in a downtown area in KC and we've been having some security issues lately, including muggings and attempted theft.
Sharma Parth
Suggestions for good markets/town/neighborhood for first BRRRR deal in Pennsylvania?
24 January 2024 | 4 replies
I did a light rehab which included landscaping, some new flooring, paint, and a rehabbed bathroom.
Jill Widmer
Purchasing a short term rental
24 January 2024 | 17 replies
This $8,000 would include your primary residence, HELOC payment once drawn, about $270 per month for forbearance student loans, and whatever the leftover monthly mortgage debt service is of your condo purchase after taking 75% of its monthly rent minus its mortgage payment.
Chris Bla
Starting Out Guidance for Remote Multi-Family Real Estate Investment Locations
24 January 2024 | 3 replies
These regulations can include additional protected classes of fair housing, interior condition requirements, etc.