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Quick question regarding DTI for a Fannie loan. As I understand that new rental income (less then 2 years) is calculated as:Gross rent * 75% - DITI = income added What I don't know is whether or not the DITI still cou...
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Can anyone recommend good Direct Mailing companies. And also any recommendations for creating Websites for the business.
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Hello!I'm about to leave Virginia and move up north, and am really struggling on what to do with my current property. I own a 4 bed/2.5 bath single family house in Chesapeake, VA that has a good sized fenced-in yard ...
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I am new to the site, but not the industry. I have a great network of bright and motivated agents that I work with throughout the city of Chicago. This network allows me to connect people with inventory and opportunit...
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Has anyone used Legally Mine, based in Utah? I recently heard a compelling presentation by one of their representatives. They help business owners structure legal entities for asset protection and tax benefits. If you...
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I’ve come across a few MHCs with a good number of POHs in them. The problem comes that the seller is CAPing the POH rent which can be pretty substantial. Example Property:Physical Occupancy: 60%Economic Occupancy: 100...
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This story came up on another site. Lease says tenant pays 1/3 of the utility bill. Landlord maybe bills once but never collects, then 10 years after the lease has gone MtM presents them with a $7000 bill. Sounds to m...
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I am presently looking at a park that has every 2 homes sharing one 1500 gallon tank. Park was built in 2001.What are some questions I should be asking the local sewage inspector when I call him?What are your experie...
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I’ve own a MF property for just over 2 years now and I’m getting ready to start searching for another one. Having the experience that I’ve gained and spending time learning about the financials of owning a rental, I f...
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Hey guys!We were just presented a contract from Spectrum for an exclusive contract for our 56 unit complex in Fayetteville. Wondering if this offer is competitive to what you've seen in the market, particularly with t...