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17 March 2024 | 29 replies
For instance, I make much more money in Appreciation (the Investment aspect of RE) than the fees I charge for managing the property or even the Cash Flow.2) "Cash Flow is NOT a characteristic of the Property.
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16 March 2024 | 8 replies
It definately wasn’t to the bank’s advantage to let you get behind.
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16 March 2024 | 21 replies
Also, what generally defines the line between something that would be filed against the homeowner's insurance vs. the renter's insurance?
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19 March 2024 | 46 replies
However, I continued to receive updates with the same problems, even though I was willing to pay for any necessary change orders.Perhaps the most challenging aspect of this "flipsystem" is the lack of clarity regarding who they serve.
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14 March 2024 | 18 replies
Velocity of money, or speed in which you can complete a BRRRR investment and repeat, is key to success, and refinancing with the shortest seasoning requirements is highly important.Loan terms and interest: Cash flow is also an important consideration for a refinanced rental property, so attaining a low interest rate, as well as other aspects of loan structure (term, amortization, or interest only, etc.), plays a big role.Generally, there are three main refinance options for BRRRR method investors: Conventional loansBank/credit union loansDSCR loansConventional loans are generally defined as loans originated under GSE (Fannie Mae/Freddie Mac) rules and guidelines and securitized.
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16 March 2024 | 9 replies
I have had one, and now that I have been taking care of many aspects I feel more comfortable taking care of this myself.
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15 March 2024 | 4 replies
.), target communities, budget, and estimated cash flow when defining your investment criteria.
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15 March 2024 | 7 replies
It is a great place to meet new friends and learn about various aspects of real estate and more.Find and connect with other BP members that are in your area: https://www.biggerpockets.com/search/usersBest of luck!
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15 March 2024 | 6 replies
I wish it was that simple.This is what I was told by LA county: “Renting does not define a JADU, but it’s more about whether the property owner resides on the property.”
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16 March 2024 | 15 replies
But it does vary wildly - I work with a larger firm, we have in house professionals who focus 100% of their time on state and local tax / sales and use tax, various aspects of international, employee benefits, trusts, estates, gifts, etc, in addition to various industry focuses - and as a result we charge higher fees because there is a significant amount of very specialized knowledge floating around that is at our clients fingertips as they need it.