Joseph Beilke
Costa Rica Info
11 January 2025 | 11 replies
There was a learning curve about investing in Costa Rica and the costs associated with it and financing and everything else.
Kevin Robert Highgate
New to Bigger pockets - New to Investing
1 January 2025 | 3 replies
Leverage magnifies return. 3) The effort involved in adding an ADU is comparable or larger than a rehab associated with a BRRRR.
Robert Nelson
Pros and cons of a condo for your first investment property ?
23 December 2024 | 7 replies
Cannot control association fees3.
Gregory Beaty
FreedomSoft Scam!
27 December 2024 | 22 replies
Do you have an associate I could speak with further.
Matt Wan
Getting a mortgage as a non-resident US citizen
23 December 2024 | 15 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).
John Malone
Are you aware of the new Corporate Transparency Act Coming in 2024 (every LLC)
31 December 2024 | 22 replies
—namely, Isaac Winkles, reporting companies for which Isaac Winkles is the beneficial owner or applicant, the National Small Business Association, and members of the National Small Business Association (as of March 1, 2024)—are not currently required to report their beneficial ownership information to FinCEN at this time.This email is not intended to provide legal advice or serve as a substitute for legal research to address specific situations.
Brady Pretzlaff
First House Hack Questions
4 December 2024 | 3 replies
I am a student athlete at Michigan state university and am planning on starting my investing career with my first house hack.
Stephanie Menard
Expensive lesson by leaving one clause out of rental agreement
14 January 2025 | 39 replies
I used the standard Nevada Residential Lease Agreement from the Greater Las Vegas Association of Realtors.
Jack Larkin
Lee Arnold's Capital Syndicate
27 December 2024 | 72 replies
They are very up front about the whole process and all the details.Before I go on, I want to make it clear that I am a small time entrepreneur and am in no way affiliated with the Capital Syndicate, Awesome REI or anyone else associated with this course.I bought the Capital Syndicate course because I wanted to see if I could apply it to a specific niche market.I bought all the add ons because I wanted to make sure I gave it every shot to work properly and because they offered a 30 day money back guarantee.
Augusta Owens
New member and new to real estate
7 January 2025 | 12 replies
Join your local real estate investors association for additional education and networking.