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20 August 2024 | 4 replies
This is basically the exact scenario that DSCR loans are designed for.
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20 August 2024 | 2 replies
In my experience these are the levels of how financial fraud is doneLevel 1 - The “sponsor” is a fraudster from the beginning and the entire investment is a designed fraud designed to steal the investor's money Level 2 - The sponsor initially intends to operate legally and honestly but the temptation of easy access to money, usually fueled by addictions to drugs, sex, partying, etc. leads to the bad decision to line the sponsors own pocketsLevel 3 - The sponsor intends to operate legally but a crisis in their life resulting in a need for money leads the sponsor to “borrow” from investor’s funds with the full intention of paying it back ( which they are unable to do).Level 4 - The sponsor intends to operate legally but the assets under their management incur substantial loses; the sponsor attempts to cover up these loses by “temporarily” borrowing from one investor to pay another or submitting false results.
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20 August 2024 | 1 reply
BiggerPockets is full of resources designed to help you along your journey, whether you are just getting started or a seasoned investor.
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20 August 2024 | 16 replies
@Joshua MetzgerFirst rule is you need to "stop the scroll", so as others noted, high quality photos of the most visibly appealing components of the property.Professionally designed interior.
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20 August 2024 | 5 replies
Probably not, but that's not what it is designed for.
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19 August 2024 | 1 reply
Hello, I'm not the best source for design tips, but as a broker/ lender the biggest value adds that you can get on rehab projects come from improvements to the kitchen and bathrooms.
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21 August 2024 | 7 replies
If someone designs it for you they should be able to defend it for you- make sure of that.That's just my thoughts on it - Use an attorney to guide you through complicated setups so you don't make a mistake.
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20 August 2024 | 10 replies
Honestly, your biggest issue is going to be getting past a potential "rural" designation for a population density that low.
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19 August 2024 | 4 replies
Next they informed me the soft costs associated with the a design work would not be released until CO…ok I can live with that and when I finally thought I was going to be funded I get an email that the property taxes were delinquent.
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19 August 2024 | 46 replies
They wonder why the property doesn’t rent quickly and can’t command top market rent when the kitchen and baths are dated, and the property overall vibe/aesthetic is lacking luster.