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Results (10,000+)
Jeff Hines How would you start investing if you had $150k???
17 December 2024 | 86 replies
The LLC is a pass through entity and will show up on your personal Schedule E and once the property shows up on the LLC, the debt (that probably won't show on your personal credit report) will be included in your total debt. 
Raj Vardhan Cash out Refi
9 December 2024 | 16 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 = 1.23If a purchase, you also generally need reserves / savings to show you have 3-6 month payments of PITIA (principal / interest (mortgage payment), property taxes and insurance and HOA (if applicable).
Laura Morlock Very Cool Property - What To Do With It?!
7 December 2024 | 7 replies
My goals include cash flow and appreciation and I realized there were other properties that better align with what I am trying to accomplish.
Brandon Ortiz How To Get Started | Bay Area
9 December 2024 | 9 replies
that we’ve learned in our 24 years, managing almost 700 doors across the Metro Detroit area, including almost 100 S8 leases.
Tanya Maslach Evaluate this SFH mid-term rental deal with me please
6 December 2024 | 2 replies
One number which does not include the original rate buy down, is $7K less than the original list, and does pay both the agents commission.  
Isadore Nelson Looking for Advice on Buying an Occupied Foreclosure in Brooklyn, NY
9 December 2024 | 15 replies
If you don’t have the parcel’s block & lot #, you can use the street name & # to pull up public record docs including deeds, liens, violations, etc.
Matthew Kwan Lowest Rates- what does it means?
6 December 2024 | 4 replies
Another key point in loans is that the broker or direct lender will often try and include the costs into the loan, for some this is fine but you are paying interest on that money over a long period of time....FYI
Luke Machen Cash on cash utility questions
4 December 2024 | 3 replies
Are most of you including things like property insurance, etc in your CoC calculations?
Esther Joseph HOW TO BE A PML? Here's what I share...
5 December 2024 | 1 reply
Understand the basics of private lendingResearch real estate marketsDetermine your investment strategy and criteria for loans, including:- Amounts- Interest rates- Repayment termsCreate legal documents with a lawyerNetwork with real estate professionalsPerform due diligence on potential borrowers and their projectsBegin with smaller loans to gain experienceMonitor your investments closelyConsider joining a private lending group for additional resourcesStay informed about real estate trends, lending practices, and legal regulations
James Wang Looking for advice and Guidance, Becoming a realtor in NYC
5 December 2024 | 2 replies
: I understand that there is commercial and residential, but there has got to be subgroups While I don't think you need to niche down immediately, some specializations in residential RE are:- Co-op- Condo (incl. luxury)- SFR (median pricepoint)- SFR Luxury- MFR- RentalsThere are a ton of commercial RE specializations including retail (various types), restaurant, other food/bev., warehouse, storage, and dozens more.What should I expect when first coming into the profession ?