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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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15 July 2024 | 26 replies
You can incorporate language into the sales agreement that allows you to form an LLC and take title in that LLC as a closing condition.
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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.
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17 July 2024 | 7 replies
I personally have each of my properties setup in their own LLCs (no biz license required where I am at) and then have a personal liability policy to cover myself as an individual in case someone got through the LLC wall.
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19 July 2024 | 6 replies
While a 3.5% return seems low, the buyer profile for this asset was individuals in wealth preservation mode.