Derick Jennings
New to this
3 February 2025 | 15 replies
Find a good lender, get pre approved, make sure you practice running the #'s using the 100's of videos and guides from BP, find an investor friendly Realtor, and then start making offers on any property that meets your goal.
Lauren Merendino
Pre retirement Strategy
1 February 2025 | 30 replies
That was when the market was stabilized, rates were sub 4.5% and distressed properties actually sold for a significant discount.Today, distressed properties sell for a premium and cash out refi rates are over 8%.
Brittany Myrick
The Newest New England Investor
14 January 2025 | 11 replies
You used to easily be able to do this with 2 unit properties, but with prices and rates today it's hard to make this work anymore, unfortunately.
Blake Winiecki
New Investor in Southwest Florida
15 January 2025 | 12 replies
We have people from Marco all the way up to Sarasota, and others that come from the East coast that join the meetings
Shiloh Lundahl
Sell me on the benefits of Turnkey Properties
4 February 2025 | 11 replies
Roll them all up and the averages are:purchase $154krenovate $47Ksell $232kThese are gross numbers, not including closing costs, borrowing costs, holding costs, licensing and permit costs, G&A, overhead, commissions, forward rate buy-downs, and lease-up fees, to name a few of the many expenses incurred.
Mark A. McElhannon
Basic approach to secure financing on an investment property
8 January 2025 | 7 replies
I can do that through charging points, but since I'm getting it at a lower rate than you could as a consumer, I prefer to mark up the rate while still being lower than most others in the market.
Paul Lucenti
Strategic ways to scale
23 January 2025 | 8 replies
If any short term financing, risk adjust upwards another 2% points on the interest rate.3.
Henry Lazerow
Two warnings for the Chicago market! Section 8 lawsuits and fake tenants ID's
22 January 2025 | 12 replies
In my experience, the average Section 8 resident behaves differently than the average market rate resident, and the government-backed rent is not worth the added hassle.
Roman Stefaniw
Arms length Mortgages/Private Lending
14 January 2025 | 15 replies
The borrower gets the benefit of having access to capital fast and the lender gets the benefit of charging a higher interest rate and not having to pay taxes on the profit.
Benjamin Ying
First time investor needing some confidence!
4 February 2025 | 52 replies
The metrics I'm primarily focused on are: rent appreciation rate, property appreciation rate, economic growth rate, unemployment rate on the macro level.