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6 February 2025 | 3 replies
It could give you peace of mind as you focus on your family and move to your new home, without the additional stress of managing a second property from afar.Best of luck with your decision!
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23 January 2025 | 2 replies
What key factors influence your decision to partner with a lender for private money in real estate?
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29 January 2025 | 11 replies
It's this exact concern I have with dynamic pricing when I posted a few weeks ago about the RealPage lawsuit:https://www.biggerpockets.com/forums/530/topics/1225872-long...I'm sorry you're going through this.
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22 January 2025 | 8 replies
You want an accountant who can help you strategize and who is responsive when you want to know the consequences of the financial decisions you are making throughout the year.Good luck.
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17 January 2025 | 4 replies
Usually will work in GA, NC, OH, TX or FL areas.I am always willing to take advice from experienced investors on topics I may be unsure of and I am also able to provide my own perspective on topics I've studied, have been through or just my opinion in general.
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2 February 2025 | 4 replies
However, based on your timeline, it seems like your decision may have already been made.
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26 January 2025 | 21 replies
In my view they made the correct decision and if you spent significant time recovering this cost, well I think we all know what that is.
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21 January 2025 | 3 replies
Considering how rising prices might influence people's decisions is interesting.
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28 January 2025 | 3 replies
Key Factors for a Good Seller-Financed DealCash Flow: Rental income should exceed monthly payments (PITI) by at least 1.25–1.5x.Purchase Price: Compare to ARV and market value for fair pricing and equity potential.Interest Rate: Aim for competitive rates; higher rates must still allow positive cash flow.Amortization/Balloon Terms: Favor longer amortization and align balloon payments with your exit strategy.Down Payment: Lower upfront costs reduce risk but should meet the seller's expectations.Flexibility: Seek no prepayment penalties and fair late-payment clauses.Property Condition: Ensure the property’s condition matches terms through inspections.Seller Motivation: Assess the seller’s willingness to negotiate favorable terms.Exit Strategy: Have a clear plan for refinancing or payoff at term end.Portfolio Fit: Ensure the deal aligns with your financial goals and risk tolerance.Vetting multiple deals and consulting professionals is crucial to making sound decisions.
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2 February 2025 | 10 replies
There is quite a few forums that already discuss this topic, but buying 1-4 units in an LLC with a DSCR loan also comes with higher rates at the cost of using an LLC