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31 October 2024 | 0 replies
The sad, strange truth is that the success rate for converting leads into contracts can vary greatly from keyword to keyword.For example, in one of our recent campaigns, we were generating multiple leads every week from a keyword related to the term “Home buyers.”
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1 November 2024 | 4 replies
I rent rooms in this house which has been a game changer for me.
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1 November 2024 | 10 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).
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8 November 2024 | 22 replies
If someone rigged the game before you even came on board you are along for the ride.
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3 November 2024 | 20 replies
@Anna Antipkina fair game as far as I know!
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4 November 2024 | 34 replies
If the buyer has proof of completing multiple projects and their real estate agent has a documented business history they are probably not wasting their time playing a game about a POF as failing to perform is just a waste of everyone's time (may have legal fees incurred as well).If it's an unknown newly formed LLC, an offer with minimal cash to escrow, with a shady attorney and realtor, I'd then be taking a hard look at proof of funds.
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8 November 2024 | 38 replies
Regulation and guest avatar varies in each but could be a good place to start searching.1) Waco, Texas2) Columbia, SC3) Columbus, Georgia4) Alabama markets5) Branson, Missouri6) Fort Smith, Arkansas (several in Arkansas, actually)7) Temple, Bastrop, or Brenham, Texas8) Shreveport, Louisiana9) Harrisburg, Virginia
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30 October 2024 | 3 replies
You’ve come to the right place to connect with some vary smart investors.
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1 November 2024 | 2 replies
If you’re serious about getting into the game, I’d say build up those local contacts they can be your biggest asset.Glad you’re meeting with someone in real estate financing soon; it’ll be invaluable for guiding you through loan options and what’s realistic for a first purchase.
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4 November 2024 | 26 replies
Late to the game to reply.