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21 November 2024 | 8 replies
I can tell you these facts:SFH lots of times do not qualify for max cash out options b/c the rent can'y support the max loan payment.2 - 4 unit houses always have a 1.5+ DSCR and never have a problem affording the max cashout...STR rental structures blow LTR rental structures out of the water.
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21 November 2024 | 25 replies
I never investigated further.I always questioned his recommendations because at the price/rent point he was advocating, the maintenance/cap ex would consume too much of the rent unless actively self managed.
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26 November 2024 | 86 replies
While it's one thing for BP to allow these discussions between members, it's an entirely different matter to actively participate and advocate for one side or the other.
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7 December 2024 | 150 replies
But why blow 15k on his bootcamp when instead you can spend 1k for someone else's, get the same knowledge and network, and buy a 14k note?
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1 December 2024 | 68 replies
Otherwise, this is just blowing off steam.
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20 November 2024 | 37 replies
Account Closed absolulty I would in no way advocate second position or gap funding in any way.. for those that do not have extensive real estate and construction experience.
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14 November 2024 | 3 replies
(which blows my mind how many people think that if they take equity from a property they do not view that as borrowing)...
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13 November 2024 | 4 replies
I am a big advocate of home ownership, but in the situation you are describing (not knowing how soon you would leave), it might not make the most sense to buy a condo with restrictions or potential assessments in the future.
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15 November 2024 | 9 replies
While it's not completely unusual for deals to die at the table, if enough happen in a row you generally need to look in the mirror - what is your role in blowing up the deal?
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20 November 2024 | 31 replies
The fact this type of topic exists is mind blowing.