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I have a great deal UC and my loan officer I believe is calculating DTI wrong. The property makes $2300 a month in gross rents. I understand that 25% if taken off the top for vacancy, OPEX etc which would bring my tot...
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Iv made maybe around 40 offers in my long distance market and only 1 under contract which I had to back out of. The contingencies I include are these 4 things;-10 days inspection period -appraisal -Financing-seller...
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This is a 3 bedroom 2 bath house 15 minutes from my house and in a C+ neighborhood. It's currently rented for $925 and I'd keep them in place. The financing is $59,000 for 20 years, the escrowed payments are $660, tha...
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So I was wondering what the reasoning was behind such a high interest rate on condos? 10% is super high. Anyone have any insight?
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How can I estimate what my closing costs are going to be? What factors should I consider when analyzing a deal and estimating closing costs? Any guidance is greatly appreciated.
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When syndicating a deal, a good CoC return is considered to be greater than 10%. Are fellow syndicators aiming to achieve this as an average over the life of the deal or from day one of the deal?For example: The busin...
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I know this is a very basic question, but I've read quite bit about real estate investing and taxes at this point and haven't seen it clearly stated. Since the LLC is a passthrough entity, do the business expenses (pl...
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I am looking for some input on one of my first (potential) deals; I am currently under contract to purchase but wanted to see if the #s below make sense to other more experienced investors.
I am asking because I ju...