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19 February 2025 | 7 replies
Keep in mind, many DSCR loans have prepayment periods, so if you enter into a 3 year ppp, then refi out after 12 months, you will have to cover some penalties at exit to the consumer loan.Cheers!
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1 February 2025 | 16 replies
I have one in mind at Rent to Retirement.
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18 February 2025 | 0 replies
The better the experience, the higher the price tag.Investors who take the time to design with their ideal guest in mind don’t just get better reviews—they command higher rates without competing on price.Think of the BEST review your STR has received.
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20 February 2025 | 20 replies
With that all in mind I cant speak to anything that happened in the past.
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21 February 2025 | 8 replies
That strategy actually makes your lead management team much more efficient because it outsources the mind-numbing tasks to the robots and lets the humans focus on what humans do best.
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22 February 2025 | 6 replies
I was playing with the idea of selling my condo, taking 300k of the equity to put a down payment towards a house listed at 660k.I'm assuming the reno will run $300/sqft and going in with the assumption that phase 1 will run 750k (figure the expansion of the house will have to wait) for the gut reno.I assume/hope (but definitely not banking on) that I will be able to refi in 2-3 years at a lower interest rate; if not for a lower rate.This will likely be a family home for the next 5-10 years at LEAST so investment value isn't quite at top of mind ATM.Questions:Even if it's not for lower interest rate, do you feel it's advisable to refi to remove the 203 loan in the future?
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12 February 2025 | 3 replies
I even considered owner financing it to somebody more ambitious or at least has more time than me.During pondering what to do with the property it crossed my mind, it could make a good mail drop store.
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20 February 2025 | 6 replies
Keep us in mind if you're looking to leverage your success.
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19 February 2025 | 10 replies
Hello BP Community,I’m new to the platform and eager to connect with like-minded individuals who share a passion for real estate investing.
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12 February 2025 | 4 replies
Just keep in mind that there are further steps you'll want to keep to minimize the possibility that your entity is ignored for this kind of personal liability (say, if you were the person who didn't properly clear snow, or if your finances and the LLC's are comingled).And I agree with @Chris Seveney, insurance may provide adequate protection based on what's available to you.