Marcos Carbi
Advice Needed: Long-Term Tenants Behind on Rent – How to Handle?
18 January 2025 | 8 replies
Just a few hours of preparation could have saved you many hours of effort, a lot of worry, and thousands in lost income.
Diandre Pierce
DSCR lending expert
20 January 2025 | 23 replies
I've included an example below to help illustrate this.So different lenders have different rates (which do vary even for DSCR loans) but these are factors they all consider.See example below:DSCR < 1Principal + Interest = $1,700Taxes = $350, Insurance = $100, Association Dues = $50Total PITIA = $2200Rent = $2000DSCR = Rent/PITIA = 2000/2200 = 0.91Since the DSCR is 0.91, we know the expenses are greater than the income of the property.DSCR >1Principal + Interest = $1,500Taxes = $250, Insurance = $100, Association Dues = $25Total PITIA = $1875 Rent = $2300DSCR = Rent/PITIA = 2300/1875 = 1.23If a purchase, you also generally need reserves / savings to show you have 3-6 month payments of PITIA (principal / interest (mortgage payment), property taxes and insurance and HOA (if applicable).
Jonathan Bombaci
5 Ways To get Started with $100k or Less
30 December 2024 | 3 replies
A BP fan favorite and a great way to snowball overtime. 4️⃣ Invest in Syndications or Private Lending:If you’re not ready to own property yourself, you can passively invest in syndications or become a private lender on fix-and-flip projects.
Mitch Smith
What we have learned from flipping homes in the San Diego market.
10 January 2025 | 8 replies
We have our own design team, contractors, and real estate agency under one roof, which saves time, cuts costs, and improves communication across projects.
Keilon Morton
Hard Money terms for partnership
7 January 2025 | 5 replies
You hustle like crazy for a year. 20hrs evening plus 20hrs on the weekend even at $10hr is $20000, make more and save more...$15hr is $30000.
Christian Bukle
Bigger Pockets Introduction Post!!!
3 January 2025 | 3 replies
Private mortgage insurance i believe is not charged on va loans.
Dave Schimmels
Rental comp calculation
3 January 2025 | 6 replies
My Question is if i have a private investor loan me $70K for 5-7 years (his terms) at 12-15% (not compounded).
Joey Backs
US Citizen Non-Resident Financing
4 January 2025 | 9 replies
I enjoy helping Bigger Pockets members save time and money.Thanks Jay, I may get in touch!
Blake Winiecki
New Investor in Southwest Florida
15 January 2025 | 12 replies
Buy and renovate the property and in 6 months do a simple cash out refinance and pull out some cash and start the REI process all over again.I am North of you up in Pinellas County West of Tampa and there are also some great places up here that might save you some cash.
David Putz
Lets hear what Note Servicers other Note Investors use.
2 January 2025 | 29 replies
I've been investing in real estate but am new to private lending.