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Results (10,000+)
Becca F. Overleveraging, net worth, cash flow and headache factor
9 May 2024 | 159 replies
Social media folks push that they're "retired" but still run podcasts, sell courses/books/seminars, post daily content, etc... so still actively working. 
Evan Loader 506(b) syndication sponsors
7 May 2024 | 8 replies
@Evan Loader Not sure if you've tried these methods but i would try going to your local multifamily investor meets up, attending larger multifamily conferences and networking with Sponsors on social media platforms like BP and linkedlin. 
Josh Myrick 501c3 investing idea
6 May 2024 | 5 replies
If the rents end up being taxable in the organization, they'll actually be subject to maximum income tax rates very quickly - much faster than if you just did this personally.There are groups now starting with "socially responsible" investing - effectively a standard partnership/syndicate that is "investing for good" - that would likely be a better structure to avoid 501(c)(3) headaches in a for profit venture.  
Jamie Tracy Process for cancelling with Evolve and moving to local PM
7 May 2024 | 7 replies
I always suggest spending a few months following several people on social media, that started a mastermind/STR course.
Shannon Garst Need advise on setting up an LLC
7 May 2024 | 13 replies
The operating agreement and most importantly understanding how to operate your business consistent with the agreement terms and as a good operator are the more critical components.
Charles Baker Cost segregation - SFR acquired in 2021 followed by full reno
5 May 2024 | 6 replies
The nice thing about rehab is you should have a good list of the components
Monte Bolds Seeking Guidance and Mentorship!
6 May 2024 | 7 replies
I envision this relationship as a two-way street—I'm eager to offer as much value as possible, like identifying potential properties for investment or helping with digital tasks (like websites and social media).I've recently set up my LLC here in South Carolina, but I'm somewhat unsure about the next steps, like where to find private money, locate properties, or structure owner financing for multifamily units.
Matt Randall Question about investing with a DSCR Loan
6 May 2024 | 9 replies
Underwriting items for DSCR loans include appraisal, credit report, liquidity verification, borrowing entity documents, landlord insurance verification, and whereapplicable lease, verification of rent and security deposit receipt, and property management agreement.DSCR lenders should never ask you for tax returns, W-2 income, pay stubs, or company financial statements.A good DSCR lender can fund your DSCR loan in under 30 days.Pro Number 2: Loan StructureDSCR loans are generally structured as thirty year term, fixed rate and fully amortizing, with LTV up to 80%.To increase cash flow and boost DSCR to qualify for a higher LTV, you can even structure with a five or ten year interest-only period where principal payments are made over the remaining portion of the 30 year term.Most DSCR lenders can fund your loan with DSCR as low as 1.0, though 1.1 is where you will find the best terms.A few DSCR lenders specialize in no and low seasoning cash out refi for rental property investors who use the BRRR strategy.Compare this to traditional banks which generally offer lower LTV, shorter term, higher DSCR requirement, and 6 months of seasoning.Pro Number 3: ReliabilityDSCR loans are a growing component of the multi trillion dollar institutional credit market.While DSCR loan origination volume is growing fast, it struggles to satisfy the demand from institutional investors such as insurance companies, pension funds and credit funds that buy DSCR loans.For this reason, as long as DSCR loan program guidelines for subject property and borrower are met, there is a very high probability that your loan will be fundedwithout delay.Compare this to banks which may subject you to months of underwriting before ultimately rejecting your loan application for reasons unrelated to your application.Con Number 1: Strict GuidelinesThe largest and healthiest part of the DSCR loan industry is 1 to 4 unit residential investment properties in non rural markets where the As Is value and the purchase price is one hundred thousand dollars or higher, and the guarantor's credit score is 680 or higher.If an element of your transaction does not fall within program guidelines, your loan will either be declined or require an exception which can cause delay.DSCR loan program guidelines are constantly evolving to adapt to the demands of borrowers and institutional investors, and to respond to market and risk.A good DSCR lender will knowledgeably and transparently communicate program guidelines, proactively communicate to identify potential issues, and set expectations in a clear and thoughtful manner.Con Number 2: ShenanigansThe DSCR loan industry is fast growing and loosely regulated, attracting loan brokers, private lenders and salesmen who are not knowledgable about program guidelines, not expert in structuring your loan to meet your specific goals, not capable of closing your loan in a timely manner, and not truthful or transparent about loan terms.Con Number 3: Higher interest ratesGiven the demand for DSCR loans from institutional credit investors, the credit spread or risk premium has decreased, making DSCR loan interest rates from the most competitive DSCR lenders nearly the same as bank loans and conventional investment property loans.We should include an asterisk on this con because it is not always true and may not be true in the future.
Rashad S. Digital Marketing Funnel
5 May 2024 | 8 replies
I need to know where exactly to go to set up each component.
Sam McCormack Does 0% Vacancy Sound Fun?
6 May 2024 | 18 replies
Another component is that we typically have tenants who stay for many years.