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April 27, 2023
There are many cities in the US that have some form of rent control, although the specifics of the policies can vary widely. Here is a list of some of the major cities with rent control policies: New York City, NY San Francisco, CA Los Angeles, CA Washington, D.C. Berkeley, CA Santa Monica, CA West Hollywood, CA Oakland, CA San Jose, CA East Palo Alto, CA Richmond, CA Hayward, CA Los Gatos, CA San Diego, CA Cambridge, MA Somerville, MA Brookline, MA Cambridge, MA Boston, MA Portland, OR Portland, ME It’s important to note that rent control policies are often subject to change and can vary in their specifics from city to city. Additionally, some cities may have other forms of tenant protection laws, such as just cause eviction ordinances, that provide additional protections to renters. Mortgage Rates Calculate Your […]
April 25, 2023
Are you a real estate investor who’s a bit confused about what DSCR is and how to calculate it? Don’t worry, you’re not alone. DSCR (Debt Service Coverage Ratio) can seem like a complicated financial metric that only the most mathematically gifted investors can understand. But fear not! With a little bit of humor and a lot of patience, we’re going to break it down for you. First things first, let’s define what DSCR actually is. In simple terms, DSCR measures a property’s ability to generate enough income to cover its debt obligations. Essentially, it’s a way to determine if a property is generating enough cash flow to pay its mortgage and other debt obligations. This ratio is important for lenders to assess a borrower’s ability to repay a loan, and for investors to assess the profitability of a potential […]
March 13, 2023
While it may be tempting to buy an investment property all-cash, especially in a hot seller’s market like the one we’re experiencing all across the U.S., as a real estate investor it’s typically best to secure a long-term mortgage. A long-term mortgage, of 15-, 20-, or even 30-years in length allows investors to take advantage of low-interest rates, and have a stable operating expense budget, that is not sent ratcheting up or down due to multiple loans and their accompanying interest rates. It’s not uncommon for a real estate investor’s application for an investment property mortgage to be rejected. While usually securing a mortgage for an investment property is much more streamlined and straightforward than securing a loan for an owner-occupied home, there are several factors that can cause your application to be rejected by a lender. This can happen […]
January 27, 2022
Buying an investment property is a major step in becoming an active real estate investor. Purchasing a property in hopes of developing it in the future, flipping a single-family home like you see on TV for a profit, or buying an asset that generates passive rental income can all be exciting ways and reasons to invest in real estate. There are, however, a lot of things you have to do in order to prepare and set yourself up for success. Naturally, you’ll need to do your research, work with the right real estate agent, and find a good deal. And once you do, you’re most likely going to want to finance the purchase, as opposed to paying all cash, which will involve getting a loan. Typically, lenders that specialize in making investment property loans will look at the real estate, […]
January 27, 2022
Without a doubt, real estate investing is one of the greatest sources of wealth in our country. According to numerous publications, 90 percent of all top earners in the world have their net worth tied to real estate. However, it’s not simply enough to own real estate to generate wealth necessarily, but rather the cash flow that the real estate you own creates. Unlike the typical 3 bedroom 2 bathroom single-family home where you and your family live, an investment property that is rented out to either a residential or commercial tenant and brings in a consistent source of passive income revenue is where the true power of real estate unfolds. Staying cash flow positive on your real estate, however, is not easy, as there are many expenses to having a rental that are not equally offset by rent. Rising […]
January 26, 2022
Refinancing your investment property can sound a bit confusing. What is the benefit of a refinance? How do I know if I am getting a reasonable rate? This may be your first rental property or one of multiple, and you’re considering, “Is now the time to refinance?”You’ve likely heard the benefits of refinancing your primary residence, but did you know that you can apply those same benefits toward your investment property? Investment property refinances can create opportunities to manage your loan while providing money to reinvest into the property or additional properties. Let’s Break it Down: Currently, mortgage rates are experiencing record lows and they are predicted to stay that way.According to Fannie Mae, the 30-year, fixed-rate mortgage rate should estimate around 2.7 to 2.8% for the year.Typically, investment property rates run higher than that of your primary residence. The […]