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2 November 2024 | 19 replies
(You’ll have to replace any existing mortgage(s) with a new mortgage or out of pocket cash.) what will the new interest rate to do cash flow/returns (if new mortgage) or returns if you have to add cash.
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30 October 2024 | 9 replies
Probably the same companies who are peddling Wyoming LLC’s as an asset protection strategy….Just to be clear, there are instances where an intermediary management type LLC can provide protection but this and all other similar posts I read in BP are nowhere close to a fact pattern where that would exist.
27 October 2024 | 3 replies
Look for an existing one that has the cashflow.No deed restricted community.
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23 October 2024 | 16 replies
One, see how saturated an area already is and what the rental rates are.
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31 October 2024 | 24 replies
I had to learn to navigate public transportation which was non existent where I grew up.
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26 October 2024 | 6 replies
yes 100% financing is likely not going to happen. i say likely because I'm sure there is someone out there somewhere who would willing to take this on, but certainly not going to be an easy find. ground-up construction is more challenging as well, as you will need to evidence your experience w/ previous ground-up construction deals where you are on title. this is how lenders feel warm and fuzzy about lending you so far above and beyond the existing land value before anything is built on it.
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28 October 2024 | 3 replies
Sometimes the less sexy route of just investing in a solid area, taking care of it and having solid tenant is going to put you ahead then people trying to chase cash flow and things that might not exist.
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29 October 2024 | 11 replies
Note I have no illusion that this path will create returns close to equivalent of what I used to be able to achieve via brrrr (I have infinite return on most of my existing portfolio) 2) sophisticated partition via coop/Tic and maybe CA SB9 on my OO.
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29 October 2024 | 24 replies
I am looking to pull out some equity from existing properties as well.My current mortgage broker doesn't take them into account at all when talking to the banks they work with.
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30 October 2024 | 35 replies
The sophisticated money is not buying in stagnant markets with poor fundamentals because they can achieve the 1% rule, can complete a BRRRR or because of more favorable landlord tenant laws exist just to highlight what’s rarely part of their acquisition criteria which is a stark contrast to the mindset of most within the BiggerPockets community.Since your focus is specifically on landlord tenant law component I’ll add those who follow the law, properly maintain their property, respond timely to tenant requests, use well drafted and fair leases and don’t unreasonably withhold deposits find themselves in far less tenant controversies.