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4 September 2024 | 10 replies
Velocity of money, or speed in which you can complete a BRRRR investment and repeat, is key to success, and refinancing with the shortest seasoning requirements is highly important.Loan terms and interest: Cash flow is also an important consideration for a refinanced rental property, so attaining a low interest rate, as well as other aspects of loan structure (term, amortization, or interest only, etc.), plays a big role.Generally, there are three main refinance options for BRRRR method investors: Conventional loansBank/credit union loansDSCR loansConventional loans are generally defined as loans originated under GSE (Fannie Mae/Freddie Mac) rules and guidelines and securitized.
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3 September 2024 | 32 replies
@Scott Trench president of BP could not have been much clearer “The practice, when used this way is meant to mislead, and those who ask for, give out, or receive, proof of funds letters in this way are not welcome here on BiggerPockets.”more important you are promoting a fraudulent POF that has high chance to adversely affect the seller if the wholesale does not find a buyer.
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3 September 2024 | 20 replies
From there every 20 point increment affect pricing differently.
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2 September 2024 | 10 replies
From there every 20 point increment affect pricing differently.
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4 September 2024 | 39 replies
The strong consumer protections particularly with HELOCs in this State appears to be a knock-on affect of homestead laws.
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3 September 2024 | 9 replies
I know he has personally done several house hacks and has helped a plethora of clients repeat the same model he followed.
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3 September 2024 | 23 replies
People, process, productBuild a solid team, create a solid repeatable process, have an awesome product!
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2 September 2024 | 22 replies
From there every 20 point increment affect pricing differently.
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3 September 2024 | 20 replies
I've encountered several folks who have been hurt by Robert's misdeeds and I was wondering if that has affected all of his deals.
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2 September 2024 | 7 replies
For tax purposes, the IRS sees you and your LLC as the same entity, so transferring the title to your personal name typically wouldn’t affect the 1031 exchange deferral.However, to maintain the tax benefits associated with the 1031 exchange, it’s important to ensure that the property remains a rental and continues to be used for business purposes.