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2 October 2024 | 3 replies
However, the outline below is fairly standard across most business plans.Executive Summary (Objective, mission, keys to success, etc.)Company Summary (Goals, operations, ownership & personnel experience, etc.)Market Analysis & Strategy (Approach for finding deals, investment strategy, etc.)Financial Plan (Startup costs, leverage, reserves, etc.)Exit Strategy (Timeline or milestones for exiting or refinancing investments)
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1 October 2024 | 5 replies
Will an appraiser disregard the income from the non-conforming garden unit when assessing the property for refinancing?
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1 October 2024 | 2 replies
I have 2 cars that we are trying to exclude the payment from for dti ratios.One was owned at $852 monthly payment (this was refinanced to remove borrower from the loan)this one is giving me a problem because they are asking for payoff but honda is saying they take up to 10 days to be able to send it.Any guidance on a way to get this closed sooner would be great, seller is on a tight timeline.Second one is a lease that we have had approval to terminate (for $2600 fee) and then that one would be excluded.
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4 October 2024 | 5 replies
Check the in person events and meetups in your local area, our online community is full of knowledge and folks willing to share and still nothing replaces the opportunity to interact IRL, you never know who you will meet and where that can take you on your REI journey.
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3 October 2024 | 2 replies
Check out other online guides available here: https://www.biggerpockets.com/guides3.
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2 October 2024 | 5 replies
This could mean refinancing the property since the record owner has changed as well.
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3 October 2024 | 2 replies
Network: Local meetups or online groups (like BiggerPockets)Check out financing options: traditional, creative, or raise capital.Look at properties in your area to understand the market.Let's connect!
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2 October 2024 | 3 replies
Given my tech and data background, I'm considering developing an online app specifically for Canadian investors.I'm envisioning an interactive dashboard that integrates economic data, sales figures, bylaws, and rental information, complete with prediction models.
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3 October 2024 | 8 replies
Check out other online guides available here: https://www.biggerpockets.com/guides3.
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3 October 2024 | 2 replies
Also, connect with other like-minded people in your community and attend as many in person (and online) meetings at your local REIA groups to network and connect + find out about off market deals and get on local wholesalers "buyers lists".Best of luck!