17 September 2024 | 3 replies
No sense trying to delve deeply into technical aspects of the law over small amounts of money.
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17 September 2024 | 22 replies
Throughout 2023, we have published several articles on DSCR loans, introducing the BiggerPockets community to how interest rates and terms are determined, giving answers to frequently asked questions about DSCR loans and talking about exciting new developments and expansions of the product, including DSCR loans for five- to 10-unit multifamily properties.This article will cover another big aspect of DSCR loans–specifically, what documents you will be expected to provide once you have decided to go with a DSCR loan.
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16 September 2024 | 3 replies
Having money made thus paying for remodeling aspects is much better if I'm going to Hack this home for a labor deal with by master carpenter with 5 years left in his work career, and I can't get full market rent.
16 September 2024 | 14 replies
I guess I like the aspect of having an experienced investor to guide me through the entire process.
16 September 2024 | 13 replies
If your property is leased for more than market rent, I would see if the landscaping/mowing would negate the rent increase.
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15 September 2024 | 19 replies
What you don't want is to be negative even if its $100 unless you have a plan where you know that the appreciation will help offset that negative rent or you know you can squeeze out more juice in the near future by adding more value to the property later.
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15 September 2024 | 6 replies
Having been in many aspects of real estate throughout my career my favorites are ground up construction and note investing. right now note investing takes the cake as it can be done in any environment whereas ground up right now is very challenging.
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16 September 2024 | 40 replies
I would highly recommend finding a syndicator who can bring you in to help on some aspect of the deal where you can bring some expertise or assistance.
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18 September 2024 | 24 replies
Also, focus on 2 years of job/income stability.Class D Properties:Cashflow vs Appreciation: Typically, all cashflow with little, maybe even negative, relative rent & value appreciationVacancy Est: 20%+ should be used to cover nonpayment, evictions & damages.Tenant Pool: majority will have FICO scores under 560, little to no good tradelines, lots of collections & chargeoffs, recent evictions.
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20 September 2024 | 39 replies
It's all about balance and attention to detail, from the big-ticket items like kitchens and bathrooms to the smaller aspects like layout and functionality.Your example from "Flip or Flop" is spot on—what works in one market doesn't necessarily translate to another, and understanding those nuances is key.