Paul Hearn
New Investor friendly Agent Intro in the Memphis Area
6 January 2025 | 1 reply
BP doesn't allow any form of marketing in the open forums, which includes your business or services.
Johnny Lynum
Multifamily vs. Single-Family—What’s Your Take?
17 January 2025 | 20 replies
Sellers often favor buyers who can make larger down payments, as it indicates stronger financial backing and reduces the risk of the deal falling through due to financing issues.Additionally, SFH properties are more accessible to a wider range of buyers, including first-time homebuyers and families, which can lead to less direct competition from institutional investors.
Gary Campanaro
Housekeepers want 50% without Cleaning
9 January 2025 | 17 replies
I would work on my communication of my processes including letting them know asap of their schedule with me.
Bryce Jamison
Do you buy older homes for long term rentals?
20 January 2025 | 32 replies
Age isn't the main factor here.
Harrison Jones
Building a Long-Term Affordable Housing Strategy
31 December 2024 | 20 replies
Quote from @Harrison Jones: Quote from @JD Martin: OK, so after reading your post, my main and only thought was:Why?
Alaina Rogers
New REI in New Hampshire. Seeking input on what to read/know about investing!
5 January 2025 | 8 replies
I'm a fellow real estate investor and I own properties throughout New Hampshire and Maine Southern Coast, I'd love to connect and bounce ideas off each other.
Christy Place
First Flip Attempt
10 January 2025 | 2 replies
, it helps tons when you know someone like your husband that knows how to flip and work on a home himself, a lot of people myself included have no connections at all to flip a home and it could be daunting just thinking about it.Did you get your asking price of $299.633?
Diandre Pierce
DSCR lending expert
20 January 2025 | 23 replies
I've included an example below to help illustrate this.So different lenders have different rates (which do vary even for DSCR loans) but these are factors they all consider.See example below:DSCR < 1Principal + Interest = $1,700Taxes = $350, Insurance = $100, Association Dues = $50Total PITIA = $2200Rent = $2000DSCR = Rent/PITIA = 2000/2200 = 0.91Since the DSCR is 0.91, we know the expenses are greater than the income of the property.DSCR >1Principal + Interest = $1,500Taxes = $250, Insurance = $100, Association Dues = $25Total PITIA = $1875 Rent = $2300DSCR = Rent/PITIA = 2300/1875 = 1.23If a purchase, you also generally need reserves / savings to show you have 3-6 month payments of PITIA (principal / interest (mortgage payment), property taxes and insurance and HOA (if applicable).
Ryan Crowley
Pay off mortgage and snowball?
19 January 2025 | 61 replies
Of course, IRR matters too, but you get a better IRR when you leverage as well, so that doesn't strengthen the all cash argument.My main point, if one is to be taken, is that an all cash investor should really look at their expected ROI.
Fernando NA
I need some help on log cabins
7 January 2025 | 2 replies
It will include a compact bathroom, a tiny kitchen area, and a heater—just the essentials to make it comfortable for someone to stay in.