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30 September 2024 | 5 replies
It's a brand new lease up multifamily apartment building with 60 units.Loan estimate 8.1 M, LTV estimate 65%.
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30 September 2024 | 9 replies
The IRS expects your cost seg report to be "factually intensive", "supported by corroborating evidence" and performed by a "qualified individual.”
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29 September 2024 | 18 replies
Facebook marketplace may be a bit more work butdefinitely worth exploring and looking up reviews for different brands peopleare selling.
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30 September 2024 | 24 replies
Keep an eye on how other listings in your area are performing over the next few weeks.Presentation: Since you’ve had a few showings but no serious offers, it might be worth reviewing the presentation of the home.
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3 October 2024 | 23 replies
Here is an example of what can go wrong with a new wholesaler just like you... check out this crazy thread (it's worth reading the whole 8 pages here: https://www.biggerpockets.com/forums/93/topics/889922-i-got-... and here is the summary: brand new wholesaler got a "virtual wholesale" deal under contract in Mississippi from NYC.
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2 October 2024 | 15 replies
It might help you out if you're a hammer swinger type guy who can produce workmen like quality results versus homeowner DIY results.Someone who has been in this business for awhile , and brings a lot more knowledge , and contacts to the deal we'll have a lot better chance at performing a turn around on the property then to someone who is new and inexperienced.
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3 October 2024 | 46 replies
A lot of people are better at interviewing than job performance.
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3 October 2024 | 14 replies
The approval process is primarily based on the property’s cash flow, not you as the borrower, which can make it easier to qualify, especially if your rental property is performing wellAs far as terms, some lenders can go up to 85% LTV for rate term refis and aquisitions.
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1 October 2024 | 12 replies
I give all the feedback and help for free.. they just have to perform..
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1 October 2024 | 14 replies
I do a ton of BRRRRs in my market so I refinance into DSCR loans which are slightly higher interest rate but it is solely based on the performance of the property.