
5 February 2025 | 2 replies
Planning on living off of the positive income and then eventually on our investment.

26 January 2025 | 54 replies
If you are planning to invest in MF, the 2-day weekend Sumrok training is very helpful.

30 January 2025 | 32 replies
My plan is to mainly focus on cash flowing properties that make the 2% rule.

14 February 2025 | 19 replies
I would ask them what services above and beyond the required broker services they plan to perform.

6 February 2025 | 5 replies
I had planned to slowly build an investment portfolio on my own.

2 February 2025 | 15 replies
I also think every property is unique and needs their own plan.

21 January 2025 | 4 replies
You can save a lot on costs if you do many repairs yourself.Look into hard money lenders or private lenders for the initial purchase and rehab.Connect with wholesalers, agents specializing in investment properties, and other BRRRR investors to find deals and learn more.

3 February 2025 | 12 replies
I've included an example below to help illustrate this.So different lenders have different rates (which do vary even for DSCR loans) but these are factors they all consider.See example below:DSCR < 1Principal + Interest = $1,700Taxes = $350, Insurance = $100, Association Dues = $50Total PITIA = $2200Rent = $2000DSCR = Rent/PITIA = 2000/2200 = 0.91Since the DSCR is 0.91, we know the expenses are greater than the income of the property.DSCR >1Principal + Interest = $1,500Taxes = $250, Insurance = $100, Association Dues = $25Total PITIA = $1875 Rent = $2300DSCR = Rent/PITIA = 2300/1875 = 1.23If a purchase, you also generally need reserves / savings to show you have 3-6 month payments of PITIA (principal / interest (mortgage payment), property taxes and insurance and HOA (if applicable).

20 January 2025 | 6 replies
Building a strong financial plan, researching markets, assembling a reliable team, and having an exit strategy are essential steps to success.Good luck!

13 February 2025 | 14 replies
Just be sure they have a strong plan in place to market your properties quickly and that you thoroughly vet their tenant screening process to ensure minimal vacancy and high-quality tenants.Ultimately, finding the right PM should make your life easier, not harder.