Lyons Library
New Investor in Multi-Family Real Estate Looking to Learn and Partner
29 December 2024 | 2 replies
I’m looking to connect with:Partners who can bring resources or experience to the table while I handle the heavy lifting of deal-finding, analysis, and management.Investors interested in deals with clear strategies and long-term potential.While I’d prefer to build a portfolio for the long haul, I understand the market always has buyers.
Chungying Chu
How to get an umbrella policy as non-resident
4 January 2025 | 8 replies
Will that be only for one property, or cover multiple properties like umbrella policy?
Harmonie Borden
The Creative Investor Meetup (virtual)
17 January 2025 | 1 reply
The Creative Investor Meetup is designed for beginning to advanced investors who would like additional strategies when constructing deals.All aspects of real estate investing will be covered including (but not limited to) - Wholesaling, Flipping, Buy and Hold and Commercial with an emphasis on Creative Financing.
Jonathan Baptiste
What I learned after 1 year of house hacking
17 January 2025 | 11 replies
I did the math and could cover the mortgage solo if needed.
Alan Asriants
Rent by the room? Is it a good idea?
26 December 2024 | 9 replies
They stayed up to all hours of the night and apparently culturally were very heavy footed so for weeks on end they stomped up and down the stairs all night long.
Diandre Pierce
DSCR lending expert
16 January 2025 | 22 replies
A DSCR loan could definitely work, especially if the park’s cash flow can cover the debt.
Natasha Rooney
Multifamily Properties in Indianapolis
17 January 2025 | 13 replies
Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620 (approaching 22% probability of default), many blemishes, but should have no evictions in last 2 years.
Kyle Carter
Sub 2 Financing
7 January 2025 | 7 replies
For me as well as the seller.First, you have to define Sub to financing.Do you mean the reckless kind where you overpay for a property, take over the financing and borrow from others to cover closing costs and holding costs when you have no money, no credit, no income, no reserves and can't tell a warranty deed from a deed of trust and you close on the kitchen counteror do you meanbuying below market value, already having a nice income, having reserves, using escrow and title, already understanding the due on sale clause, have done a lot of creative purchases and know when to use and when not to use creative finance and how to recover if something goes amiss?
Ezra Avery
Hello & Thank You
7 January 2025 | 5 replies
Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620 (approaching 22% probability of default), many blemishes, but should have no evictions in last 2 years.
Leon George
New to BP Community
12 January 2025 | 11 replies
Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620 (approaching 22% probability of default), many blemishes, but should have no evictions in last 2 years.