Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
Pick markets, find deals, analyze and manage properties. Try BiggerPockets PRO.
x
Results (10,000+)
Mirlyne Andre Property management in Memphis TN
17 September 2024 | 6 replies
@Mirlyne AndreRecommend exploring as many sources as possible to get referrals AND cross-reference them to get as much accurate information as possible.Check out NARPM.com, BP’s Property Manager Finder (BiggerPockets: The Real Estate Investing Social Network), etc.Also, encourage you to learn from the mistakes of others - by reading posts here on BiggerPockets about owners not having their expectations met by their current Property Management Company.
Gregory Fazio Seller Financing - need advice
16 September 2024 | 4 replies
Hi @Gregory Fazio, I think it's definitely worth pitching seller financing even to someone who doesn't know what it is, you never when it could be the solution they didn't know existed!  
Stacey Wells How to Handle Earnest Money Deposit (EMD) When You Don’t Have Immediate Funds
15 September 2024 | 10 replies
Check with Your Closing Attorney: Sometimes, the closing company or attorney might be able to offer creative solutions when it comes to EMD.
Carmen Assang Tenant asked me to pay her first month rent to move out
17 September 2024 | 38 replies
The reality is we are not in business to protect any other landlord than those who we manage properties for, and the math for our client owners works out much better to get a bad tenant out as soon as possible.We will never give a bad tenant a good reference nor we will never serve as a reference for a bad tenant.
Maciej G. Tenant threatens to sue me for $20 000
15 September 2024 | 61 replies
Central AC sounds like the long term solution.
Andrina Maximin Has anyone used a DSCR Loan, what are your experiences with loan product?
18 September 2024 | 15 replies
Below are some general notes on DSCR loans:* usually used for single family or 2-8 multi family unit properties (fits your scenario)* must be for investment, non owner occupied (if looking for a product for alternative qualifying solutions for owner occupied there are other products)* can close in a personal name or LLC* usually 80% LTV for a purchase (20% down payment) & usually 75-80% LTV for cash out refis* prepayment penalties vary and are optional, but the higher the prepayment penalty, the lower the rate / options typical range from no prepay all the way up to 5 year prepay and structures vary for how those penalties work (3 year is my most popular by far)* appraisal most likely required and paid out of pocket during transaction* can be used for long term, mid term, or short term rental properties * generally 1%+ is the desired DSCR ratio but you get better rates if the ratio is higher (usually rate breaks kick in at 1.15%+ or 1.25%+) and you can still get the loan done if ratio is lower than 1% but the rate will reflect that (DM me if you wand help learning how to calculate the ratio)* the average time to close is 21-30 days* fees vary lender to lender and product to product, but $1595 underwriting plus title fees is pretty standard* 700+ credit is preferred to get max LTV, but plenty of options if credit falls below that* a typical loan minimum is $75k (have limited options for $50k+) and typical loan maximum is $3-4m (have limited options for $4m+)* 3 months reserves usually required, having 6+ months will usually result in better loan terms, 0 reserves can still get the job done if you go with a program that allows you to use the cash flow as reserves* 30 year fixed, IO, and ARMS available
AJ Wong How SMART investors are utilizing seller concessions for stronger dealmaking
16 September 2024 | 7 replies
Income, assets and credit to qualify, but lenders are providing many more creative solutions to get that loan funded. 
Jonathan Dempsey 10 Best Pocono PA HOAs to Look at for Short Term Rental
17 September 2024 | 14 replies
The co-hosting company grew from JD and his team's love of the short term rental industry, with a focus on being the solution to passive STR investing.
Harish Pasupuleti New Investor Seeking Guidance on Out-of-State Properties
19 September 2024 | 29 replies
Look for reviews, ask for references, and verify that the properties are in desirable areas.
Matthew Rembish Fund that Flip
19 September 2024 | 43 replies
I am interested to learn more about Fund That Flip....any references?