Ike Okwerekwu
Property Manager Referrals
27 January 2025 | 7 replies
Common fees will include a set-up fee, a leasing fee for each turnover or a lease renewal fee, marking up maintenance, retaining late fees, and more.
Jacob Havlovick
Duplex House Hack
22 January 2025 | 8 replies
I recently purchased my first duplex in Peoria, AZ in September and I am using it as a house hack where I rent out one side and live in the other.
Noah Bacon
BiggerPockets Pro Partner Update - Stessa!
15 January 2025 | 49 replies
If we upgrade to PB Pro, does that include a Stessa Pro membership?
Dave Schimmels
Investment for beginner
15 January 2025 | 6 replies
Purchase price: $85,000 Cash invested: $33,000 Cash flow is after all expenses including vacancy, maintenance, and capx deductions.
Thomas Farrell
BRRRR with ~400k Capital
18 January 2025 | 16 replies
I suggest focusing on building your "Core 4" team—agent, lender (one who can finance both the purchase/rehab and refinance is ideal), contractor, and property manager.
Jason Munns
Canadian Lender Finder?
27 January 2025 | 5 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).
Mary Holland
Hey everyone! Has anyone here gone through the application process for DSCR loans?
30 January 2025 | 7 replies
For a purchase generally application would be to review an ID, asset statements, and LLC docs if neccesary.
Oliver Oden
LLC Question - Do I include Co-Signers on LLC?
23 December 2024 | 4 replies
was there an agreement between you and your parents that they should share in the profits / losses of the airbnb / property.If there was an agreement, they should also be included in the LLC.It is best to discuss this all with an attorney.Best of luck!
Hunter Goorsky
NEW Investor in the Joliet area 🏠
22 January 2025 | 9 replies
We don't allow any "deal-making" in the forums, which includes advertising your services or properties, looking for partners, etc.
Kiran Asknani
New to STR market in Massachusetts
31 January 2025 | 14 replies
I purchased Air DNA pro subscription , any thoughts on accuracy of AirDNA numbers for Boston market.