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13 October 2024 | 23 replies
They way full doc programs work is they use this worksheet: https://content.enactmi.com/documents/calculators/Form1038.C...This approach will allow you to add back the paper loss of depreciation, and add back mortgage interest, property taxes, insurance and any HOA dues.
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14 October 2024 | 4 replies
Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620 (approaching 22% probability of default), many blemishes, but should have no evictions in last 2 years.
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12 October 2024 | 54 replies
The mindful approach to real estate investing, off-market acquisition strategies and dialogues, asset hunting, flipping on a small scale, negotiating🙌 What are you most looking to get out of BPCON 2024I was on a panel at BPCON23 with Devon, Leka, Anson, and Henry, but this year I am just in the crowd and always looking to make deeper connections, especially with all of the attendees who I have had on my podcast over 170 episodes🤝 Fill in the blank: If I could make a great connection with someone who is an expert in _________ at BPCON2024 then I would leave BPCON happyI am getting back into the STR game and have been investing in syndications over the past year, so both of those tracks are in focus for meSee you there!
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11 October 2024 | 1 reply
In summary: look for local, in-person meetups first, then branch out to a more "online community" approach for your Airbnb questions.Cheers
10 October 2024 | 0 replies
It might be time-consuming, but the direct approach can yield surprising results, especially if homeowners are considering selling but haven’t taken the first step yet.Phone prospectingPhone prospecting is another proactive approach that requires resilience.
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6 October 2024 | 2 replies
During my sport career I did an MBA and after finishing my career I transitioned into real estate investing.
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11 October 2024 | 2 replies
As a landlord, what is the best approach to handle this case?
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14 October 2024 | 6 replies
We’ll also explore other approaches.
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12 October 2024 | 6 replies
But we do not believe she can afford it.What is the best approach?
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11 October 2024 | 6 replies
In the real estate market, you must be willing to change your approach to acquisitions.