Gregory Whitmyer
Choosing the Right Private Money Lender: Key Factors to Consider
23 January 2025 | 2 replies
As a lender, it is my firm belief that honesty, transparency and service are the most important factors.
Jorge Caceres
Utilities included worth the risk?
7 January 2025 | 28 replies
It's expected and common for MTRs to have utilities included.
Drew Sygit
How Well do DIY Landlords Track Days On Market?
12 January 2025 | 2 replies
DOM can be minimized by a number of different factors including the quality of marketing, rent price, availability to show.
Polat Caglayan
C class or not how can ı understand
11 January 2025 | 2 replies
@Polat CaglayanI've never seen a formula but here is a general rule of thumb for multifamily:The class of an apartment refers to the quality of the building, which can be determined by a number of factors, including age, location, and condition: Class A: These are the highest quality apartments, typically built within the last 15 years.
Christopher R.
Homeowners Insurance/Landlord insurance/Umbrella insurance
23 January 2025 | 15 replies
Loss of Use / Loss of Rents: Normally, there is a 20% included limit.
Desiree Rejeili
What To Save for When Buying a Home
9 January 2025 | 0 replies
An article from The Mortgage Reports explains:“The amount you need to put down will depend on a variety of factors, including the loan type and your financial goals.
Vincent Weselak
Is Homeowners Insurance Cover Somewhere in the BRRRR Calculating Tool?
21 January 2025 | 3 replies
@Vincent WeselakIt’s a good idea to get an estimate for your insurance costs upfront since this can vary based on the property type and location, and it’s a key factor in evaluating your cash flow.
Tony Schmucker
New Investor Seeking Advice on Relocating and House Hacking
25 January 2025 | 22 replies
Focus on cities with favorable price-to-rent ratios, population growth, and employment trends, such as Des Moines, Oklahoma City, and Charlotte, while considering factors like landlord-friendliness and property taxes.
Jennifer Fernéz
Help with this deal!
18 January 2025 | 10 replies
To me that is negative cash-flow, because I include hard and soft expenses.
Aaron Raffaelli
DSCR Loan for a first time REI
19 January 2025 | 18 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 = 1.23If a purchase, you also generally need reserves / savings to show you have 3-6 month payments of PITIA (principal / interest (mortgage payment), property taxes and insurance and HOA (if applicable).