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Results (10,000+)
Zach McKay New Investor in New Haven, CT looking to Connect & Learn from Others
9 January 2025 | 9 replies
What other investment strategies are you looking into? 
Karen Smith The Rise of Private Lending: What's Your Experience?
13 January 2025 | 12 replies
The ability to get funding in just a few days can make a world of difference, allowing investors to act quickly and lock in the best opportunities.I’m curious, in your experience, what strategies have you found most effective for building strong relationships with reliable direct lenders?
Gloria C. Best zip codes for investing in Huntsville?
10 January 2025 | 11 replies
. -- lots of factors to consider (including your personal strategy), but here are a few high level metrics to compare the most populous zip codes in HuntsvilleWelcome to drop me a message if you are interested in checking out the full report 
Shay D'Amore Would this plan work?
11 January 2025 | 3 replies
This strategy could work.
Brittany Myrick The Newest New England Investor
14 January 2025 | 11 replies
Welcome and happy to share some strategies in Greater Boston area that might work for you and your partner.
Kolby Knickerbocker what questions do you ask/data do you analyze to select investment markets?
15 January 2025 | 5 replies
I'm looking at investing in several out-of-state markets (potential BRRRR strategy in mind), I have a list of qualifiers that I'm sussing out to determine viable markets but would love to know: what data helps in determining a good market to invest?
Joe Au Use HELOC to paydown mortgage fast
11 January 2025 | 420 replies
Have you used the strategy?
Eddie Gonnella Airbnb Hosting as an Individual or Business/Brand? Building to sell/transfer
16 January 2025 | 40 replies
What would you the pros and cons are of the different hosting account strategies
Jennifer Fernéz Help with this deal!
18 January 2025 | 10 replies
@Jennifer Fernéz I run sum numbers for you with our tool, see comments and pics below before refinancing and post refinancing .Financial Breakdown: Purchase Price: $200,000 Mortgage (LTV 80%): $160,000 Interest Rate: 6% (30-Year Amortization) Mortgage Monthly Payment: $959Upfront Costs: Down Payment (20%): $40,000 Closing Costs (3.5%): $7,000 Renovation Costs: $15,000 1 Month of Carrying Costs During Renovation: $1,548Total Upfront Required: $63,548Year One Rent: Monthly Rent Income: $2,000 1 Month Rent Losses during renovations (-$2,000): -$167/month distributed over 12 months Total Rent Income: $22,000 per year => $ 1,833 per monthMonthly Expenses: Mortgage Payment: $959 Property Tax (Assuming $3,000/year): $250 per month Property Insurance (Assumption): $100 per month Utilities (Hydro, Gas, Water): $275 per month Assuming 5% Vacancy: $92 Assuming 0 % Repairs & Maintenance first year because unit has been recently renovated Total Monthly Expenses: $1,676Monthly Net Cash Flow: $157Post-Renovation Refinancing Strategy after 12 months:So far, we’ve purchased the property, completed renovations, and rented it out.Next, you can approach the bank for a refinance to consolidate a portion of your initial investment into a mortgage.
Jordan Kaylor Use HELOC to buy, then refinance into mortgage?
8 January 2025 | 16 replies
However, unless you're doing this as part of a BRRRR strategy, you may end up paying closing costs twice and incurring unnecessary interest on the HELOC prior to refinancing.Additionally, conventional loans often have seasoning requirements of 6-12 months, while DSCR loans typically require only 3-6 months.This post does not create a CPA-Client relationship.