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20 August 2024 | 2 replies
We’ve been navigating the funding landscape ourselves and have come across some interesting trends across various states.
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20 August 2024 | 7 replies
With passionate co-founders, a vibrant community, and hands-on experience navigating the highs and lows of investing, they have built an incredible foundation and embody everything we envision for PassivePockets.By combining LFI’s expertise with BiggerPockets’ reach and resources, we’re creating something truly special—a platform that will empower you to make smarter, more informed investment decisions.Here’s what PassivePockets will offer when it launches:Educational Resources: Masterclasses, articles, podcasts, and a weekly newsletter—all designed to help LPs make better decisions.Due Diligence Tools: Rigorous vetting frameworks and community-sourced sponsor ratings and reviews.Investor-Only Spaces: Private forums and weekly Zooms, exclusive to investors—no sponsors or capital raisers allowed.Sponsor Directories: Detailed profiles with track records, investor reviews, strategies, and more.Deal Directories: Comprehensive deal profiles, webinars, and direct sponsor connections in dedicated forums.Ratings & Reviews: Honest feedback from members who have invested with sponsors—the good, the bad, and everything in between.Our mission is clear: Shine a light on the passive investing space and provide you with the tools and knowledge to navigate it more confidently.
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19 August 2024 | 5 replies
I had some good luck renting my properties in San Diego and Virginia Beach so I am looking to continue the trend but now with skill vice luck.
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20 August 2024 | 4 replies
This is basically the exact scenario that DSCR loans are designed for.
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19 August 2024 | 0 replies
YoY is up 2.6%.Rentals - Availability by MonthThe number of homes for rent increased slightly MoM, conforming to the seasonal trend (school starting).Rentals - Median Time to RentMedian time to rent increased slightly compared to Q2, but is still at 20 days.
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20 August 2024 | 2 replies
In my experience these are the levels of how financial fraud is doneLevel 1 - The “sponsor” is a fraudster from the beginning and the entire investment is a designed fraud designed to steal the investor's money Level 2 - The sponsor initially intends to operate legally and honestly but the temptation of easy access to money, usually fueled by addictions to drugs, sex, partying, etc. leads to the bad decision to line the sponsors own pocketsLevel 3 - The sponsor intends to operate legally but a crisis in their life resulting in a need for money leads the sponsor to “borrow” from investor’s funds with the full intention of paying it back ( which they are unable to do).Level 4 - The sponsor intends to operate legally but the assets under their management incur substantial loses; the sponsor attempts to cover up these loses by “temporarily” borrowing from one investor to pay another or submitting false results.
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20 August 2024 | 1 reply
BiggerPockets is full of resources designed to help you along your journey, whether you are just getting started or a seasoned investor.
19 August 2024 | 6 replies
You purchased it with a HML, and are now rate/term refinancing the $1.5m (75% of $2m) hard money loan for better terms b/c you show six months of stabilized rent, the T-12 and rent roll with the monthly breakdown shows a clear trend towards where we are at now.Your hard money loan matures at the 2-year mark, but you weren't silly enough to call me at the 1 year and 11 month mark, so my partner lenders that have great terms, but move slower, are on the table.
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20 August 2024 | 11 replies
Do you know of a good resource where I can find price trends particularly for small multi-family?