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Results (10,000+)
Jacob Nevarez New to Bigger Pockets - Looking to Make 1st investment
3 October 2024 | 29 replies
A great way to start is by attending RE events and joining a local investors association.
Deborah Wodell Thoughts on Using DSCR Loans
3 October 2024 | 14 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).
Matthew Mclean Can I lower my rate?
1 October 2024 | 7 replies
If there is one you would need to take into consideration the effects of the costs associated with that vs. your new savings via the lower interest rate.
Shawn C. Insurance options for HouseHacking (house mate) but for limited duration stays
2 October 2024 | 9 replies
I am using FurishedFinders, and provided the Renters Insurance through their associated platform Keyfinder to my tenant.
Costin I. Cost Segregation - Partial Disposition and offsetting insurance proceeds
1 October 2024 | 15 replies
This allows you to recognize the loss associated with the disposed component without having to wait until the entire property is disposed of.In your case, the replacement of the roof due to hail damage would qualify as a partial disposition event.
Brandon Krasner STR Partnership LLC Tax
30 September 2024 | 11 replies
You can also ask investors in your local real estate investors association for recommendations. 
Brenda Yeo MLS-Only Subscription - California
29 September 2024 | 24 replies
I’m not looking to have an active membership with a realtor association at this time.
Sanjeev Advani New California Law Requires Photo Documentation for Security Deposit Deductions
30 September 2024 | 6 replies
Originally drafted to prevent landlords from using security deposits for cleaning or repairs, the bill was amended after opposition from the California Apartment Association (CAA).Landlords will now need to photograph rental units before tenants move in, at the end of the lease, and after repairs or cleaning.
Mike Dawson Dissolve LLC or change name?
30 September 2024 | 4 replies
I have a D&B account associated with it, a bank account(I will be moving to another bank at some point in the next few months), and I have a business credit card.Should I dissolve the LLC, or change the name? 
Arnab Sinha Should I invest in Mobile, AL
27 September 2024 | 6 replies
.- McGowin Park developed a huge retail space in 2015 which consists of: 199,500- square-foot retail shopping center containing a future expansion area, five restaurant "pads" and 4.5 acres of outparcel development, and the west development consists of a 148,000-square-foot anchor store with an associated gas station, an 89,600-square-foot shopping center and 7.41 acres of outparcel area.