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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 ..
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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.
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19 July 2024 | 21 replies
if you want to be hands-on and active, then you could buy more individual properties.
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18 July 2024 | 24 replies
I have seen it happen numerous times.
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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.
16 July 2024 | 2 replies
While discussing the course and your real estate needs, Jason states numerous times that your ‘blueprint’ will be ‘built out' specifically for you, providing very few details of what you’re actually receiving, leading prospective students to believe that the product is going to be tailored to their niche, market and investing goals.
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17 July 2024 | 37 replies
Using my personal finance to pay for repairs and numerous other small things that in isolation are not a big deal but they just keep adding up and create anxiety for me.I am thinking being a real estate investor (for single family homes) is not right for me.
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18 July 2024 | 23 replies
Be prepared to transfer title back into your individual name before refinancing the loan.
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16 July 2024 | 8 replies
This has been discussed on numerous occasions on BP.
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19 July 2024 | 15 replies
What is the max # of total occupants, meaning can 3 people move into the rental or just 1 individual.