Anade Davis
Looking to connect with General Contractors in Beaumont and Port Arthur Area
4 January 2025 | 2 replies
In addition to that, platforms like HomeAdvisor or Angi are great for finding vetted professionals, and local builders associations or the Greater Beaumont Chamber of Commerce may have directories or recommendations.
Michael Challenger
First Time Home Flipper Looking to Connect w Lenders
10 January 2025 | 12 replies
Additionally, I understand the risks associated with obtaining hard cash and working with hard money lenders, including higher interest rates due to the short term nature of the loan as well as the risk involved.
Marc Anthony Maciel
Introduction - New to Real Estate Investing
3 January 2025 | 3 replies
A great way to start is by attending RE events and joining a local investors association.
Chris Cox
Long time learner - jumping in!
17 January 2025 | 7 replies
We feel like we're already a little in over our heads and need to get some things in place before we jump in to another property.
Luke Tetreault
2 years in, Growing Pains! What's the Strategy?
14 January 2025 | 9 replies
And it seems to be getting less clear on where to head.
Hudson Filippi
Using FHA Construction to House Hack?
17 January 2025 | 7 replies
Most larger communities will have a Homebuilders Association, i would start networking to find a builder that can finance the construction.
Joshua Lanzieri
PLS HELP!! Property manager spend $8k over budget
11 January 2025 | 14 replies
This is where keeping a cool head and using good negotiation skills will likely yield the best outcome.Good luck.
John Marchefka
Rehabbing land INSTEAD of houses??
10 January 2025 | 13 replies
So on a flip deal I have only $100 plus my time and the associated marketing costs.
Diandre Pierce
DSCR lending expert
20 January 2025 | 23 replies
I've included an example below to help illustrate this.So different lenders have different rates (which do vary even for DSCR loans) but these are factors they all consider.See example below:DSCR < 1Principal + Interest = $1,700Taxes = $350, Insurance = $100, Association Dues = $50Total PITIA = $2200Rent = $2000DSCR = Rent/PITIA = 2000/2200 = 0.91Since the DSCR is 0.91, we know the expenses are greater than the income of the property.DSCR >1Principal + Interest = $1,500Taxes = $250, Insurance = $100, Association Dues = $25Total PITIA = $1875 Rent = $2300DSCR = Rent/PITIA = 2300/1875 = 1.23If a purchase, you also generally need reserves / savings to show you have 3-6 month payments of PITIA (principal / interest (mortgage payment), property taxes and insurance and HOA (if applicable).
Devan Praska
Anyone Use/Make a "Homeowner's Manual" For Single-Family Home?
5 January 2025 | 5 replies
In this manual (which I assume could be modified to provide to tenants) I include all the financing information (which you would not include for tenants) bank accounts, mortgage accounts, payment information, and mortgage payoff), a list of the contractors, what each contractor does, a list of upcoming planned or necessary repairs, and a copy of all leases associated with the property.