Bob Asad
How do you prevent co-mingling of funds?
7 January 2025 | 24 replies
There's also disclosures in there that have to be included in your lease paperwork.
Breeya Johnson
Is Austin, Texas Still A Good Place To Invest?
24 December 2024 | 12 replies
Some of the hottest areas I've observed include Temple, Kyle, and East Austin.
Chris Lu
New BP member looking for STR budget feedback!
22 December 2024 | 5 replies
Some tools that might help at this stage include AirDNA, Rabbu, Airbitcs and or STR Insights.
Kate Granahan
Mixed use property loan options
23 December 2024 | 5 replies
Hi, I’m highly considering a mixed use building which includes a few residential units and a couple commercial units.
Marc Shin
Provide Disney+ to families / guests?
26 December 2024 | 9 replies
If you are one of the few that aren't then you might want to include it.
Cassidy Burns
FIx & Flip Purchase - Final Purchase of 2024
24 December 2024 | 4 replies
Cassidy Burns and BPG Residential Just curious. did you include your cost of sales, realtor fees, escrow, capital gains in your profit projection?
Juliet Silver
Best Lenders for Canadians to Purchase in Florida
27 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).
Tori Roy
Unscrupulous Private Lenders and outright SCAM ARTISTS!!
23 December 2024 | 12 replies
For example:Second, under their "About us" link, click on "Management" and you'll see a "Meet the Team" page where there's the following photo/info for this James LaPushner fellow you mentioned (which says he was born in New Zealand):However, if you do a reverse Google image search on this photo, you'll find that it's posted on several other sites, including this one: https://planetaseminarov.ru/people/konstantin-baksht.htmlHere's a photo of him from this page:This page is written in Russian, but if you translate it, it says his name is Konstantin Baksht, he lives in Moscow Russia, and he is the owner and CEO of the international consulting company Baksht Consulting Group.
Bob Avery
New Twin Cities Investor Looking for Advice Getting Started
16 December 2024 | 7 replies
There is much to learn: pricing, marketing, screening, contract law, lease enforcement, late/unpaid rent, property abandonment, squatters, maintenance, tenant neglect or abuse, communication, and 417 other things.Buying a decent property but not managing it well can impact your finances, marriage, sanity, physical health, and desire to invest.
Federico Dallo
Seeking Advice on Property Investment for Renting - Budget of 300K
26 December 2024 | 10 replies
Most foreign buyers are high net worth individuals who want to park their money there in a safe haven and they don't need BP.No restrictions apply to American buyers in the countries they'd generally want to buy, including those mentioned by Federico and many other popular countries.When it comes to Spain specifically, some more conservative banks will ask you for a 40% downpayment (that would be the maximum) but that isn't the rule.