All Forum Posts by: Michael H.

Hey BP family,

Ive heard of this service from others at a REIA.

I'm Experienced in screening tenants, Ive got all the docs.
how has you're experience with a flat fee listing service been?

Thanks,

MB

Hey BP family,

As I approach the end of the W-2 Income that we can leverage, I'd like the know the various ways we can continue to grow as we find deals.

Ive spoken to some commercial lenders, or people who do asset based lending. their interest rates are higher, Amortization is shorter, and sometimes have higher Down payments.

I was curious if there was some sort of formula I could use to ensure that I keep my head above water on my DTI or DSCR. I want to get to the 10 properties allowed by Fannie/Freddie before exploring other avenues.

we are taking down 1 to 2 properties a year right now and may soon be tapped out.

I'm not an expert on DTI or DSCR, so any details or tips on this, feel free to dive deeper.

Wife and I have cars paid off, no credit card debt, and we earn 6 figures. we also house hack our primary residences. we have no kids yet and we are very dedicated this game.

Thanks,

MB

I'd also like to add, I tried to delete and re upload after my typo. Looks like BP doesn't allow deleting a post or correcting a title. HOW EMBARRASSING 

Hey BP family,

As I approach the end of the W-2 Income that we can leverage, I'd like the know the various ways we can continue to grow as we find deals.

Ive spoken to some commercial lenders, or people who do asset based lending. their interest rates are higher, Amortization is shorter, and sometimes have higher Down payments.

I was curious if there was some sort of formula I could use to ensure that I keep my head above water on my DTI or DSCR. I want to get to the 10 properties allowed by Fannie/Freddie before exploring other avenues.

we are taking down 1 to 2 properties a year right now and may soon be tapped out.

I'm not an expert on DTI or DSCR, so any details or tips on this, feel free to dive deeper.

Wife and I have cars paid off, no credit card debt, and we earn 6 figures. we also house hack our primary residences. we have no kids yet and we are very dedicated this game.

Thanks,

MB

hey BP fam,

Im in Houston,Tx and im ready to move some funds over. to get the checkbook controlled LLC two people quoted me prices that were so High it would take a big chunk of my first few hard money deals to pay off the set up fee.

who have you guys used? how long did it take you ? what did it cost?

Thanks,

MB

Hey BP fam,

what CRM's do you guys use? ive got notes scattered and 2 different marketing campaigns going. losing notes and probably deal. 

I'd like something that works on mobile as well, as im rarely infront of my laptop when people call.

any ideas?  

what CRM do you use for prop stream?

Hey BP family,

Im gathering quotes for a refi on my personal residence. Its a little troubling what some lenders will do to try to my their quote the most competitive. alot of number fudging.

what should I ask a lender upfront to get a more honest and concrete quote?

ive already had my credit pulled so im willing to get quotes from more people.

how can i quickly scan an estimate from a lender and tell if they are shooting me straight?

Thanks,

MB

@Danielle Scott short answer, No. Find something else to do

Hey BP family,

I Live in Houston, have cash and multiple real estate investments. Im sitting on a 70/30 split of cash and stock.

Its bothering me that the value lf cash is declining, while stocks are going up based on Literally nothing. While only the most Aggressive think that real estate wont adjust downward 10 to 20% in the next year or so.

I feel its not fair... im getting pounded for holding cash but fearful to buy more stock.

Also, whats happening to the US dollar right now with endless printing?

Thoughts?