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8 April 2024 | 9 replies
The 70% rule is indeed a common guideline used to evaluate BRRRR deals, ensuring that you can potentially pull most of your money out on refinance.When lenders offer DSCR (Debt Service Coverage Ratio) loans at 75% LTV (Loan-to-Value), it can change your analysis slightly.
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8 April 2024 | 8 replies
@Marissa ContrerasThis might be helpful in evaluating tax professionals:https://www.biggerpockets.com/forums/51/topics/998718-explai...https://www.biggerpockets.com/forums/51/topics/1088325-expla...
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8 April 2024 | 16 replies
I evaluated a variety of tools, and came across FlipperForce.com.
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8 April 2024 | 4 replies
Congratulation on the first step investment.I would recommend you to evaluate the cash on cash that you have in that house, looking at your GRM is really large.I don't your market and the size of your residence, those are things to consider in future.
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8 April 2024 | 37 replies
While I don't believe you should pick a lender based solely on interest rate, that is an important factor in evaluating cash flow when you're talking about house hacking.
9 April 2024 | 67 replies
Will say though, that you can be successful investing OOS in Class C rentals if:1) You buy at the right price, using +20% for Vacancy & Tenant Nonperformance2) You build a good team that's transparent and supplies narrated videos for maintenance, annual evaluations, etc.3) You buy in the "better" Class C neighborhoods adjacent to Class B areas, so you catch the overflow from those Class B areas.
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8 April 2024 | 51 replies
Learn how to evaluate sales and listings of similar homes in the same neighborhood yourself using Zillow, Redfin, or Realtor.com data.
7 April 2024 | 6 replies
While evaluating potential investment properties these past few weeks, I have realized that the average rent in Austin is comparatively lower and due to high interest rates and property tax, the outcome is mostly negative cash flow.
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10 April 2024 | 37 replies
Add to this fact that you will not have access to evaluate the condition of the property prior to sale unless you illegally break into it.
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6 April 2024 | 7 replies
- I know in Florida there is a 4 system to be evaluated.