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Results (10,000+)
Jonah Gunalda ER doctor hoping to diversify in passive real estate!
10 December 2024 | 25 replies
If you do work full-time, how much of your real estate investing (including BRRRRing properties if you own rentals) occupies your time?
Katharina Bormann General non-responsiveness from tenants in adhering to agreement
10 December 2024 | 9 replies
The risk is too great.Overall, I recommend revising your lease to include less arbitrary language to set clearer expectations and make it more enforceable in court.Feel free to reach out directly with any questions. 
Rick Im Do these expenses qualify for start-up expenses?
6 December 2024 | 10 replies
Can the travel mileage incurred during this time be included as start-up expenses?
Tim W. Fire Damage Discovered During Inspection
7 December 2024 | 2 replies
Houses that sustained fire events have long term consequences including structural damage and mold that results from water intrusion required to extinguish the fire.
Shawn Parsh Social Media Marketing Advice
9 December 2024 | 12 replies
This includes endless content on how to better create content.
Scott Trench New Policy Idea: BiggerPockets to Send Wholesalers a $125 Bill For Every Solicitation
8 December 2024 | 14 replies
Once billed, those in violation of the policy won't be able to rejoin BiggerPockets, including prohibition of the use of the agent/lender finder tools, forums, and private messaging system until their bill is paid. 
Andrew Steffens Credit Card Points Hacking
6 December 2024 | 36 replies
That's amazing that it included the TPA connection for the same price.  
Seth Roland Advice on Getting a Lender/Financing
9 December 2024 | 24 replies
Quote from @Jaycee Greene: If you go the conventional/DSCR route, these are considered "Commercial" loans and the properties are referred to as "Non Owner-Occupied" and, as such, the cash flow of the property is most important, and your DTI is not generally included in the underwriting.
Michael Nguyen DSCR loan for an LLC multiple members. Does the lender look at all credit scores?
10 December 2024 | 11 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).
Shelby Ek HUD homes activating utilities for inspection or apprasials
8 December 2024 | 19 replies
Im not sure I understand why its an issue that it was not included in the estimate for the loan.