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11 November 2024 | 2 replies
He plans to do more with me and bigger pockets (no pun intended) if the deal goes well.
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10 November 2024 | 7 replies
Welcome to Bigger Pockets Mark!
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9 November 2024 | 2 replies
I am considering this because it is seller finance, low out of pocket and it would get me in a market that is expanding rapidly.
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13 November 2024 | 13 replies
Could always buy it on a DSCR loan at like 6.25% and cover the renovation out-of-pocket.
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11 November 2024 | 10 replies
I actually have two options for this property: 1) Rent out the existing 25 storage units AND rent out the building plus add the 25 additional units out of pocket.OR 2) Rent out the existing 25 storage units and added the 25 additional units out of pocket to rent them out BUT keep the metal building for my GC business to where we have offices and storage for building materials.
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14 November 2024 | 21 replies
In terms of finding good deals, you can connect with other local investors and realtors who can give you the scoop on pocket listings, off market deals, typical cap rates, and comps.
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13 November 2024 | 18 replies
You need to refinance into a DSCR Loan, Conventional lenders do not allow you to vest in an LLC.Bigger Pockets is a great place to find DSCR lenders.
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7 November 2024 | 7 replies
OR make the downpayment from out of pocket and refi later when interest rates go down ?
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11 November 2024 | 8 replies
Again just to reiterate, this is specifically for those who are NON-US citizens.I know my questions are very in-depth and seem complicated but no one in the Bigger pockets podcasts talks about how non US citizens or non-resident aliens deal with wanting to buy real estate and attempt to real their goals of achieving FIRE.
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11 November 2024 | 16 replies
While it was tempting to make a margin on cleaning fees, we believed it was shortsighted; it was far easier to charge more per night with great reviews than to pocket that money and deal with cleaner turnover and unhappy guests.No Checkout Instructions: We believed people were on vacation, and since we already paid our cleaning team well (see point 1), we didn’t feel it was necessary to ask guests to do anything.