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7 November 2024 | 3 replies
Looking for advice on renting to an individual on a rental assistance program through the government.
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7 November 2024 | 13 replies
Welcome to BP, I'm sure you'll connect and learn alot from like-minded individuals here.Which investing strategies are you interested?
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4 November 2024 | 8 replies
If you bought in 2022, it doesn't look like they could be underperforming, it looks like you 1031'd into a soft asset that wasn't going to cashflow and now you would like it to cashflow.
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4 November 2024 | 7 replies
If you're getting back into the lending game for long-term hold investors, a realistic “ideal” loan might look like this:Rates: Somewhere around 6-8% interest, depending on the risk profile of the borrower and the property.LTV: 70-80% LTV is solid, especially if you're aiming for lower risk.Term: 5-10 years works for LTR investors who want stability.Fees: Reasonable origination fee (1-2%) is expected, but avoid nickel-and-diming borrowers with hidden fees.Prepayment: A soft prepayment penalty could be fair if paid off in the first couple of years, but after that, no penalties.Speed: Being able to close quickly (within a couple of weeks) would be a huge plus.In short, give investors a competitive rate, decent terms, and flexibility on prepayment, and you’re golden.
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8 November 2024 | 10 replies
These strategies allow individuals to invest in real estate with minimal down payment, gain exposure to the industry, and build capital.Good luck!
7 November 2024 | 8 replies
That bathroom you mention may have to be torn apart and redone, it depends largely on the individual Inspector that you deal with.I would go to the County/City Building Dept counter and talk to them in person.
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7 November 2024 | 7 replies
Use 20% to calculate individual performance
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7 November 2024 | 10 replies
Surround yourself with like-minded individuals who are at a similar stage in their investment journey, or seek out those who are 1-2 steps ahead.
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7 November 2024 | 51 replies
If the returns are so good I would assume they could target higher net worth individuals, and the fact that they cobble together a bunch of beginners $50k investments is a red flag for me.3.
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9 November 2024 | 17 replies
Additionally, unrelated business income tax (UBIT) might apply if your property is financed.One option to consider is partnering funds from multiple accounts or other individuals to share in the investment, which may avoid the need for difficult-to-secure non-recourse financing.