Brian Willie
Re-Selling A House Currently Held Subject To As Subject To
19 July 2024 | 4 replies
When you sell a property "subject to" the existing mortgage, technically, this clause could be triggered because ownership is transferring to a new entity or individual.
Michael Wu
Challenges surrounding utilities management
19 July 2024 | 6 replies
If they were separately metered, each tenant would pay the $116.50 base fees and their individual use, which would be 3x higher than what they pay when sharing a meter.There are many options, but don't make it more complicated than it needs to be.
Carlo D.
What would happen and possible consequences if I just pulled the trigger?
19 July 2024 | 5 replies
If the lender defaults, will the fact that I purchased the loan as an individual with no licenses compromise my capability to collect/foreclose?
Chris Gottshall
1031 Worth It? Suspended Losses Exceed Cap Gain
18 July 2024 | 9 replies
I'm sure that this is one of those "I can't speak to this, all individual investors are in different financial situations, yadda yadda yadda" which I get, sure.
Gino Barbaro
Where Do You Think People Fail When Not Achieving Financial Freedom?
22 July 2024 | 71 replies
They would be more proud of you being free/driven individual vs. just taking it from a boss.
Loreen Flaherty
Norada real estate
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 ..
AJ Wong
How and where investors can find a seller carried creative financing transaction
18 July 2024 | 1 reply
It is easier to approach a personal party with individual needs than a stringent lender with guidelines.Seller carried transactions are not always the most favorable option.
Justin Whitfield
How would you invest $500k solely for the purpose of cash flow and FIRE
19 July 2024 | 21 replies
if you want to be hands-on and active, then you could buy more individual properties.
Braedon Page
Pros and Cons of STR Property Managers
18 July 2024 | 24 replies
I have seen it happen numerous times.
Christian Maher
I purchased a home to BRRR in Cuyahoga County and I need some advice
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.