Scott Champion
I have $200,000.00 cash to invest.
21 November 2024 | 20 replies
Verifying last 2 years of rental history and income extremely important to find the “best of the worst”.Make sure you understand the Class of properties you are looking at and the corresponding results to expect.The City of Detroit has 183 Neighborhoods we’ve analyzed.PM us if you’d like to discuss this logical approach in greater detail!
Jonathan Chan
Things to look for when vetting your potential borrower
26 November 2024 | 2 replies
.🔴 Incomplete or disorganized documentation: Missing detailed plans, financial statements, or timelines could mean the borrower isn’t ready to execute the project successfully.🔴 Over-leveraged finances: Borrowers with excessive debt or insufficient personal capital invested in the deal could pose a greater risk of default.🔴 Questionable property comps: Overstated market values or inappropriate comparables may mean they’re inflating expectations.As always, thorough due diligence is your best protection.
James Heller
Renovating my townhouse in San Diego
16 November 2024 | 9 replies
Quote from @James Heller: Hey everyone -- I have a ~1000 sqft townhouse (on 2 levels) here in San Diego, and I'm looking to do some updates and modernize the place.
Melissa Odom
DCSR, LLC, and Trusts
3 December 2024 | 15 replies
Additionally, transferring properties into a trust for estate planning purposes is possible if needed.To maximize your leverage, I recommend exploring multiple DSCR lenders for better terms and working with a real estate attorney to structure your LLCs for both protection and lender compliance.Let me know if you’d like more details or assistance with financing!
Andrew McManamon
Investing in Bitcoins
9 December 2024 | 98 replies
All problems like transaction volume, or what incentives miners will have to keep validating transactions after all 21 million bitcoin are mined, will magically be solved in the future but the details on how are intentionally fuzzy because nobody actually knows and even a hypothetical answer relies on hypothetical future advancements in technology.
Lorraine Hadden
Is AN 800+ FICO CREDIT SCORE EVEN POSSIBLE?
9 December 2024 | 38 replies
To add-on to what @Russell Brazil detailed, there is some important life changes that can fast-track things.
Melanie Baldridge
For Limited Partners
26 November 2024 | 4 replies
Here is a detailed look into this issue:https://www.biggerpockets.com/forums/51-tax-legal-issues-con...
Jennifer Hung
Has anyone done recent business w/ Morris Invest or SDIRA Wealth?
3 December 2024 | 51 replies
The level of detail and info that James had was off the charts.
Brett Sheeran
Real Estate meetups in the DMV area?
25 November 2024 | 10 replies
Please reach out for details or follow us on social media, we post the events there as well as meetup .
Andre Brock
Tell me about your last creative deal!!
26 November 2024 | 6 replies
Yes just read the details nice!!