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6 March 2024 | 13 replies
Thank Hey Eric,DSCR is a tool like any other loan product and as others have said, it will help you to scale, but you can't live in/house hack the property.Full disclosure; my company does DSCR and hard money for fix and flip exclusively and I'll tell you the same thing I tell all of our clients-exhaust the opportunity to use conventional financing BEFORE you dip your toe in the DSCR world.
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5 March 2024 | 8 replies
Be sure to include in your math the loss of the section 121 exclusion on your $50 gain in value.BP members often ask if their former primary residence makes a good rental and in most cases it does not (unless pre-planned as such).
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4 March 2024 | 20 replies
If you are allowing dogs - make sure the tenant's renters policy does not have exclusions for dog bite and/or dog breed.
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5 March 2024 | 2 replies
Last three years I have exclusively invested in debt funds as I did not trust the experience of some of the other sponsors.Integrity Mortgage Note Fund - Jamie Bateman7e Investments - that is mine which I of course invested in.
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5 March 2024 | 12 replies
Any adult claiming to sleep 4hrs per night is crazy.
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2 March 2024 | 3 replies
My tenant has a young adult child that was on the lease as a minor.
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4 March 2024 | 14 replies
(yes, its your primary so you can't 1031...)The $170k pretax (I'm just using your numbers here).. is the same post tax because of the sec121 exclusion...
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7 March 2024 | 82 replies
Keep that pipeline open, but unless you tell me you're getting 65% occupancy or more with exclusively direct bookings and that's been going on for a bit of time, I'd still want to establish a presence on the big platforms as well.
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4 March 2024 | 15 replies
Insurance companies have many exclusions and they may not cover everything, but they can help to pay for some of the costs of a lawsuit.Good:Using one LLC for all of your rental properties.
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4 March 2024 | 6 replies
Years ago we shared a campfire with a man and his son, they were being offered an exclusive contract to fabricate kitchens for McDonalds.