Isadore Nelson
Poughkeepsie, NY. Wanna connect?
13 October 2024 | 9 replies
I used to work in the area, not personally investing there, but I have helped handfuls of investors secure financing in Dutchess and Ulster counties, I do know it’s seeing some heightened interest from investors due to its proximity to the ever-expanding NYC and relatively lower property prices compared to alternative areas.
Lexie R.
New to Landlording and Perplexed
10 October 2024 | 24 replies
Did you get their security deposits and prorated rents?
Cory Iannacone
Is the 2% Rule still alive in the central Pennsylvania market?
15 October 2024 | 9 replies
This is my security blanket for a dip in the economy (which I believe will hit in 2027).
Mohit Khanna
Australian investor looking at entering US residential market
16 October 2024 | 25 replies
This approach can help you secure funding more easily without the need for traditional income documentation.
Salim Howze
Here comes the new guy…
15 October 2024 | 19 replies
@Salim HowzeBuilding duplexes on land can generate rental income and secure retirement.
Rene Hosman
Exciting News for the BiggerPockets Community: RentRedi Shines on the 2024 Inc. 5000!
15 October 2024 | 5 replies
Check out the News Release here.Not only did RentRedi make the top 200 overall, but they also secured the No. 23 spot in the software industry and are recognized as the No. 18 fastest-growing company in New York.
Bryan Liu
Need advice on financing rehab for investment property
16 October 2024 | 9 replies
Depending on which brokerage you use, you could possibly borrower against your securities holdings with a line of credit (similar to a margin loan) if it's not a retirement account. 30-35% of the balance would likely be within reach, but make sure you FULLY understand margin calls and when they would trigger.
James Kim
Assuming investment loan and actual use of property
12 October 2024 | 2 replies
I’ve seen buyers in situations like this secure terms for primary residence use compared to investors.. so it might actually work out in your favor if your buyer wants to live in the home.Funny enough, a friend of mine ran into a similar situation in Austin last year.
Adolphus Fletcher
Can you avoid personally guaranteeing mortgages through business?
15 October 2024 | 14 replies
Lenders want that security, especially with newer LLCs, and often, you’ll need to show personal backing.A DSCR loan (Debt Service Coverage Ratio) is an option that looks at the property’s cash flow rather than your personal income, which is why many loan officers suggest it for newer businesses.