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13 March 2024 | 7 replies
You can price out the same exact scenario with 100+ lenders, and each one will have their margins.
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13 March 2024 | 8 replies
Make sure the property aligns with what retailers are actually looking for, or you'll sit with empty spaces for a while, and those vacancy costs will eat into your margins faster than just about anything.
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12 March 2024 | 9 replies
One property is a condo (in CA) that I rent out, and the other property is a house (in NV) that I live in and rent out the other rooms.I quit my W2 job last year to start a business, which is slightly profitable today, but I reinvest everything back into the business.I have a bunch of cash saved up and am comfortable deploying $100K into another property in Las Vegas ($80K down payment + $10K furnishing + $10K margin).The only problem is that I’m not sure how to finance my next house without W2 income.I talked to a few lenders about DSCR loans, and most say they calculate rental income based on the entire house, instead of by the room.I would love to get the creative knowledge of the BP community on how to fund my next home 🙏🏼I'm also open to any lender referrals 😊
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15 March 2024 | 167 replies
You may end up with deferred maintenance which erodes your margin.
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12 March 2024 | 5 replies
IMHO, its a buyer market and you can probably find some good deals out there with some decent margins.
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13 March 2024 | 16 replies
I assume metal roofs in general are more expensive so thats why builders, flippers, roofing companies push them because they are better for their margins, but if you are planning on holding the asset for the long haul I have to think metal is going to last way way longer.
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12 March 2024 | 4 replies
The unfortunate thing is that a lot of the super large PMs tend to run on super thin margins and aren't high quality.
14 March 2024 | 60 replies
I feel that it is very competitive in this business that has razor thin margins.
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12 March 2024 | 41 replies
ThanksYes- Rehabbers will buy expensive homes if they can make their profit margin.
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11 March 2024 | 14 replies
They're currently trying to work with Congress to ease regulations on them (That are in place for a reason) because they are maxed out on margin but still trying to loan out money.