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22 July 2024 | 71 replies
They would be more proud of you being free/driven individual vs. just taking it from a boss.
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18 July 2024 | 1 reply
It is easier to approach a personal party with individual needs than a stringent lender with guidelines.Seller carried transactions are not always the most favorable option.
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19 July 2024 | 19 replies
I doubt this individual would want to go to court over anything.
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22 July 2024 | 28 replies
And finally how do we even know if you really are an investor and if you really lost any money and how much.. there is another thread on BP where someone like you ( major bone to pic) started flaming the company because they could not pay their interest payment or get a redemption and it boiled down to that individual had a 5k investment total ..
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19 July 2024 | 21 replies
if you want to be hands-on and active, then you could buy more individual properties.
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20 July 2024 | 22 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 = 1.23DSCR lenders generally let you vest either individually or as an LLC.
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18 July 2024 | 23 replies
Be prepared to transfer title back into your individual name before refinancing the loan.
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19 July 2024 | 15 replies
What is the max # of total occupants, meaning can 3 people move into the rental or just 1 individual.
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17 July 2024 | 9 replies
@Will Ervin Try local real estate investor meetups.Key data points that any lender (HML, private individual lender, or other) will want to understand about the project are:- Property type (e.g.
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16 July 2024 | 3 replies
I'm trying to assemble a group of like-minded people to take down deals and improve each other individually.