4 October 2024 | 7 replies
Some of our initial baseline, no-go, criteria when we first listed were: 600+ credit score, no evictions, no bankruptcy, and income 3x rent... however, after finding that very few interested parties were eligible to even "enter a review phase" of landlord verifications etc, we loosened up a bit and went to an objective scoring model that I tweaked from a few ideas obtained after speaking to both rental professionals in my local area and some on this forum.
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3 October 2024 | 11 replies
Understood that some of the stuff on the listing is their proprietary information but this results in us losing all the reviews.
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5 October 2024 | 2 replies
This type of work would take several hours to review.
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4 October 2024 | 2 replies
We typically don't have trouble with getting 80% of your purchase reimbursed to you as long as the DSCR hits 1.00+.Here's a quick breakdown of the eligible loan amounts based on an all-cash investment strategy:• 0-6 Months (Delayed Purchase, no Rehab completed) - up to 80% of purchase price• 6+ Months (Cash-Out Refinance, no Rehab completed) - up to 75% of appraised value• 0-3 Months (Cash-out refi, Rehab completed) - 75% of appraised value [good rates]• 3-6 Months (Cash-out refi, Rehab completed) - 75% of appraised value [best rates]Happy to discuss your specific deal whenever you've got time to review.
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4 October 2024 | 2 replies
highlight_post=5508807&page=1#p5508807https://www.biggerpockets.com/forums/92/topics/893621-rent-to-retirement-review?
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29 September 2024 | 6 replies
I’ve been actively seeking mentorship opportunities in Dallas, diving into real estate literature (including David Greene’s BRRRR method), and connecting with others who are passionate about achieving financial freedom through real estate.If you work in IT, are based in Dallas, or simply want to connect, I’d love to hear from you!
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3 October 2024 | 7 replies
I recently joined BP, and I’m reviewing older questions:FHA Streamline Refinancing is an excellent option for lowering your monthly payments, especially with the potential rate reduction you're seeing.
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6 October 2024 | 26 replies
I don't think it is that accurate sometimes, but combined with the review on the 2 OTA's, you should get a pretty good idea.You can also go to Awning.com's estimator - https://www.awning.com/airbnb-estimatorIt is free and pulls the same basic data AirDNA does.
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4 October 2024 | 15 replies
Here are my questions I would ask since there are very few reviews on BP:Are the returns NET or GROSS?