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20 January 2025 | 14 replies
Figure out market rents, deduct expenses to determine NOI, deduct cashflow you want, plug remainder into mortgage calc at current interest rate, then add lender's required down payment.That is how much you offer!
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20 January 2025 | 12 replies
Build a strong team, including agents, lenders, and property managers, and use tools like the BiggerPockets calculator to analyze deals.
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16 January 2025 | 6 replies
Here are a few tips to help you get started:Financing: Since you’ll be starting your internship soon, lenders may look at your projected income or require a co-signer until you have a longer work history.
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21 January 2025 | 20 replies
At closing, the buyer and their lender determine whether the credit will reduce down payment, closing costs, or as a credit.5.
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14 January 2025 | 27 replies
Hi James,I'm reading through reviews on this site about Southern Impression Homes.
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13 January 2025 | 11 replies
There are some lenders that brokers can work with that also get down to Prime (7.5% as of today).
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24 January 2025 | 10 replies
Obviously every situation is unique it's on you to check with your intermediary and lender to determine what price range would be realistic to start looking for deals in before it closes so you are ready to roll.
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14 January 2025 | 17 replies
It's a new resource from BiggerPockets that helps you find reliable property management partnerships and gives you everything you need to make confident hiring decisions:-Expert Matching: Match with professionals who meet your criteria-Extra Assurance: See licenses, experience, ratings, reviews, and more that can be cross-checked with BiggerPockets members-Bonus Content: Plus they'll send you an interactive workbook: “How to Interview Property Management Companies”Hope this helps!
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17 January 2025 | 12 replies
I absolutely agree with posting a review about the experience!