4 October 2024 | 7 replies
Some of our initial baseline, no-go, criteria when we first listed were: 600+ credit score, no evictions, no bankruptcy, and income 3x rent... however, after finding that very few interested parties were eligible to even "enter a review phase" of landlord verifications etc, we loosened up a bit and went to an objective scoring model that I tweaked from a few ideas obtained after speaking to both rental professionals in my local area and some on this forum.
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3 October 2024 | 11 replies
Understood that some of the stuff on the listing is their proprietary information but this results in us losing all the reviews.
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5 October 2024 | 2 replies
This type of work would take several hours to review.
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4 October 2024 | 2 replies
We typically don't have trouble with getting 80% of your purchase reimbursed to you as long as the DSCR hits 1.00+.Here's a quick breakdown of the eligible loan amounts based on an all-cash investment strategy:• 0-6 Months (Delayed Purchase, no Rehab completed) - up to 80% of purchase price• 6+ Months (Cash-Out Refinance, no Rehab completed) - up to 75% of appraised value• 0-3 Months (Cash-out refi, Rehab completed) - 75% of appraised value [good rates]• 3-6 Months (Cash-out refi, Rehab completed) - 75% of appraised value [best rates]Happy to discuss your specific deal whenever you've got time to review.
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4 October 2024 | 2 replies
highlight_post=5508807&page=1#p5508807https://www.biggerpockets.com/forums/92/topics/893621-rent-to-retirement-review?
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6 October 2024 | 26 replies
I don't think it is that accurate sometimes, but combined with the review on the 2 OTA's, you should get a pretty good idea.You can also go to Awning.com's estimator - https://www.awning.com/airbnb-estimatorIt is free and pulls the same basic data AirDNA does.
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3 October 2024 | 7 replies
I recently joined BP, and I’m reviewing older questions:FHA Streamline Refinancing is an excellent option for lowering your monthly payments, especially with the potential rate reduction you're seeing.
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4 October 2024 | 15 replies
Here are my questions I would ask since there are very few reviews on BP:Are the returns NET or GROSS?
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6 October 2024 | 49 replies
I will however shake a finger at the agent for not reviewing this document with you and teaching you what youre signing.
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4 October 2024 | 4 replies
It sounds like they act as a broker and do not manage the property once you buy it.1) is that correct, or am I seeing bad reviews from a disgruntled minority?