Chris Baek
Debt Service Coverage Loans
23 April 2024 | 9 replies
I would add that HOA is also factored in (if applicable) and the property needs to be rent-ready, not in need of rehab.
Sherry Patterson
Building an investor brokerage
21 April 2024 | 7 replies
I wanted to get advise if any of the agents would be interested in working with me to build an investment brokerage.
Logan Klinger
Best route to take
24 April 2024 | 2 replies
But now he has come across an opportunity to build a new magistrate building for the borough he’s invested in.
David De La Torre
Cash Flow or Equity?
25 April 2024 | 7 replies
It takes time to build an income you can live off.
Mica Moore
Self-manage or use a Property Manager?
27 April 2024 | 21 replies
Suddenly, $120 for four-plus hours of management doesn’t seem too bad.Purchasing rental property is a great way to build equity and diversify your portfolio.
Aaron S.
Life advice on what to do here? Uncertain couple.
24 April 2024 | 18 replies
An absolute headache to deal with due to corners cut by the builder (we are outside of the build warranty).
Account Closed
Offering services to medium-term rental owners--general tips & local market questions
25 April 2024 | 10 replies
Account Closed - If you were interested in picking up a RE License here in NC, we have a team of agents who property manage for clients as well as help them find properties to continue and build their portfolio.
Drea Smit
Financing a purchase through LLC
24 April 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.
Adam L.
What am I missing?
22 April 2024 | 4 replies
Even if NNN, someone has to factor in and pay.8.
Aaron Washington
Game rooms/arcadea return for STR
24 April 2024 | 25 replies
IMO, pool tables, ping pong and air hockey are tired, you must have a wow factor of some sort.