Sundone Boutvyseth
First investment property for less than 10% down
30 January 2025 | 21 replies
DSCR Loan (10% Down Possible)Debt-Service Coverage Ratio (DSCR) loans are based on the rental income, not your personal income.Some lenders allow 10% down, though 15-20% is more common.6.
William Fisher
Figuring out percentages of contractor/ lender partnership
9 January 2025 | 4 replies
One common approach is to form a legal entity, such as an LLC, where both of you are equal partners.
Ethan Borshansky
Can you 1031 Exchange into capital improvements?
21 January 2025 | 6 replies
@Ethan Borshansky, There was a brief period of time in the early 2000s when this type of "leasehold exchange" as described above was fairly common.
Blake McWilliams
Raising Private Capital. Tips and Tricks
5 January 2025 | 4 replies
On the other hand, you might find a common reason that a few of your potential investors are not investing that might change your own thoughts on the deal.
Jesus Nieto
Need help with SubTo Deal
28 January 2025 | 12 replies
Do you have any books or resources out there that he can dive into to help him hopefully avoids some of the common pitfalls?
Praveen Kumar
Rent to retirement
27 January 2025 | 6 replies
They sell a 4 unit for close to 1 million dollars close to Jacksonville. they want 250k or 300k down. there's no upside. you can google the properties on biggerpockets and there isn't a lot of satisfaction. it's a slow return and get rich slow strategy. our focus is always as a builder to add maximum value, lower cost as low as possible, build and rent and build and sell the same product and raise prices to help investors out. we have a large market share and large purchasing power in our market in columbus ohio. the one strategy I never liked about turnkey new build brokerage companies like them and build2rent or others is they don't really build close to urban centers and most are single family homes. the numbers don't work on single family homes. if single family was the way to go more companies would be doing it. but by far the most common type of new construction built is three story walk up apartments.
Laurens Van swol
DSCR Loan for Florida investment
27 January 2025 | 15 replies
You are correct, it is common for DSCR lenders to require the borrower to be a business entity in Florida, and some other states sprinkled across the US.
Travis Boyd
Seeking advice on potential first deal - off market 6 unit apartment
18 January 2025 | 6 replies
I'd be surprised if the complex doesn't have individually metered units so you may be able to eliminate the utility expenses unless those are for common areas like walk ways, parking lot or laundry.
Kevin Hoover
Limited partnership to TIC - Can a child get joint property without capitol gains?
1 January 2025 | 4 replies
The mechanism would allow the property to be re-deeded to all of the LPs as tenants in common.
Jonathan Greene
Are the forums on BiggerPockets getting worse and worse or is it just me?
23 January 2025 | 52 replies
Though my response might help others, common courtesy suggests you thank those who took the time to answer you.