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Results (10,000+)
Cosmas Paulosi Starting Out as a Foreign Investor- from Harare, Zimbabwe
6 May 2024 | 7 replies
@Cosmas Paulosi we've posted this hundreds of times, because it's very logical:)Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.So, when investing in areas they don’t really know, investors should research the different property Class submarkets.
Zachary Schimenz WARNING: Don't Use Ohio Cash Flow unless you want to lose thousands of dollars
8 May 2024 | 112 replies
Bathroom medicine 1970's cabinet not to code with the worst looking light fixture hot wired is a fire hazard and shock hazard.
Michael Calvey Tenant Screening Secrets: What's Your Magic Formula?
6 May 2024 | 27 replies
The only criteria we will sometimes make exceptions on is income, because in some scenarios, applicants will have hundreds of thousands in savings, flawless credit, but only make 34x the monthly rent. 
Jesus Santoyo Mexico Investment or Vacation Home
5 May 2024 | 3 replies
@Jesus SantoyoI've been investing in Mexico since 2017 and shared my experience by replying to hundreds of posts in the BP forums.A few points here:1.
Taya Shavers Building Portfolio in Japan
6 May 2024 | 6 replies
If the rate of return is lower than 10%, the amount of money that remains in my pocket per year will be in the range of several hundred thousand yen to around one million yen, which is not that large amount of money.On the other hand, if the yield is as high as 20% or 30%, it's highly likely that the property has inherent risks in property management as described below.
Sheifta Anwar Buying REO properties in Texas
5 May 2024 | 3 replies
They are entities, not individuals and their asset managers handle thousands or hundreds of these at a time.
Matt Randall Question about investing with a DSCR Loan
6 May 2024 | 9 replies
Underwriting items for DSCR loans include appraisal, credit report, liquidity verification, borrowing entity documents, landlord insurance verification, and whereapplicable lease, verification of rent and security deposit receipt, and property management agreement.DSCR lenders should never ask you for tax returns, W-2 income, pay stubs, or company financial statements.A good DSCR lender can fund your DSCR loan in under 30 days.Pro Number 2: Loan StructureDSCR loans are generally structured as thirty year term, fixed rate and fully amortizing, with LTV up to 80%.To increase cash flow and boost DSCR to qualify for a higher LTV, you can even structure with a five or ten year interest-only period where principal payments are made over the remaining portion of the 30 year term.Most DSCR lenders can fund your loan with DSCR as low as 1.0, though 1.1 is where you will find the best terms.A few DSCR lenders specialize in no and low seasoning cash out refi for rental property investors who use the BRRR strategy.Compare this to traditional banks which generally offer lower LTV, shorter term, higher DSCR requirement, and 6 months of seasoning.Pro Number 3: ReliabilityDSCR loans are a growing component of the multi trillion dollar institutional credit market.While DSCR loan origination volume is growing fast, it struggles to satisfy the demand from institutional investors such as insurance companies, pension funds and credit funds that buy DSCR loans.For this reason, as long as DSCR loan program guidelines for subject property and borrower are met, there is a very high probability that your loan will be fundedwithout delay.Compare this to banks which may subject you to months of underwriting before ultimately rejecting your loan application for reasons unrelated to your application.Con Number 1: Strict GuidelinesThe largest and healthiest part of the DSCR loan industry is 1 to 4 unit residential investment properties in non rural markets where the As Is value and the purchase price is one hundred thousand dollars or higher, and the guarantor's credit score is 680 or higher.If an element of your transaction does not fall within program guidelines, your loan will either be declined or require an exception which can cause delay.DSCR loan program guidelines are constantly evolving to adapt to the demands of borrowers and institutional investors, and to respond to market and risk.A good DSCR lender will knowledgeably and transparently communicate program guidelines, proactively communicate to identify potential issues, and set expectations in a clear and thoughtful manner.Con Number 2: ShenanigansThe DSCR loan industry is fast growing and loosely regulated, attracting loan brokers, private lenders and salesmen who are not knowledgable about program guidelines, not expert in structuring your loan to meet your specific goals, not capable of closing your loan in a timely manner, and not truthful or transparent about loan terms.Con Number 3: Higher interest ratesGiven the demand for DSCR loans from institutional credit investors, the credit spread or risk premium has decreased, making DSCR loan interest rates from the most competitive DSCR lenders nearly the same as bank loans and conventional investment property loans.We should include an asterisk on this con because it is not always true and may not be true in the future.
Lisa Burns What's it really like to be a commercial MF syndicator? Will I be sorry I tried?
6 May 2024 | 23 replies
I don't invest in multi-family properties myself but one of the Bigger Pockets frequent contributors on these threads is Brian Burke, who quite literally wrote the book on this, I am buying a copy myself, but please read, i think an ebook available too, I do passive investing only in multi-tenant triple net retail but have spent hundreds of hours doing my own due diligence.
James Bing Buying from wholesalers
5 May 2024 | 6 replies
Moreover, so you're aware, national wholesale companies such as New Western will email blast deals to hundreds of people in their database.
Becca F. Overleveraging, net worth, cash flow and headache factor
9 May 2024 | 159 replies
one hundred percent correct....time to re-assess and follow your data-driven objective and experience.