Jack B.
What are the risks of DSCR loans?
19 January 2025 | 9 replies
Generally, the biggest difference is that DSCR Loans often have prepayment penalties attached which typically will have a 1%-5% fee if you prepay the loan within the first five years so its the "risk" of having to pay a little extra fee if you sell or refinance the property pretty early on.PS - check out this series of 10 articles published on BP on all things DSCR Loans which can give you a full rundown on everything you would need to know when using this type of loan!
Benjamin Finney
Macro Economic Indicators to Inform Investment and Lending Business
23 December 2024 | 5 replies
I consider inventory rates, price trends, unemployment data, population growth, job growth all to be relevant to where a market is at and where a market is heading.
Sophie Sawyer
My experience with Sunrise Capital (Mobile Home Fund)
29 January 2025 | 68 replies
Originally posted by Account Closed:Here is the link to a Ch.4 WIVB news article about the company Sunrise Capital Investors (Clearwater Fla.) that bought the Akron Mobile Home Park in Akron NY.
Peter Firehock
Multifamily Market Outlook for the Washington D.C. Metro
26 January 2025 | 3 replies
With a large portion of the incoming migration coming from international residents moving to the District, emphasizing improving and bringing back Washington D.C. sports teams to the city should create a strong desire for domestic residents to want to live near a fun, community engaging activity that is very relevant to those that live in and around the city.The District also has other programs it is running to make the District more attractive to live in outside of just working in the area, such as the Office to Anything program (Source) and the Housing in Downtown program (Source) which will incentivize developer through tax credits to convert office buildings into new construction housing and new construction retail properties, which should continue to attract more residents back to the area.D.C. also understands that with all of these big changes we have seen, the strategy and allocation of resources from the government moving forward should be reassessed to create a city that is adapting to the future trends to remain a safe and desirable place for residents to live.
Otis Clayton
How do closing agents fund private money deals?
15 January 2025 | 15 replies
Thanks for linking the article Brett.
Mark A. McElhannon
Basic approach to secure financing on an investment property
8 January 2025 | 7 replies
There was an article published in Sept 2024 that showed the average consumer would save over $10,000 by working with a broker vs a direct lender over the life of their loan.
Kemi Okosun
Introduction and New Member Alert
7 January 2025 | 11 replies
Once you feel you've built a strong team with your first property and have solid systems in place, I would then start buying more aggressively and taking on bigger projects.I suggest reading this BP article on the core 4.https://www.biggerpockets.com/blog/core-four-real-estate-team
Pixel Rogue
Buy, Rehab, Rent, Refinance, Repeat - got them all with questions on refinance/repeat
4 January 2025 | 7 replies
Hi Pixel, Check out this article about how DSCR loans play into the refinance part of the BRRRR method.
Greg P.
Small Multi Family Coaches/mentors? 2-4 units.
24 January 2025 | 22 replies
There are a lot of articles, books, etc.
Zach Howard
New, hungry, eager to start while also patient. Large risk appetite.
10 January 2025 | 17 replies
Solid advice about using the relevant assumptions and strategies for the various classes.