Robert Ok
Best Real Estate Coaching Programs
14 January 2025 | 11 replies
Books like “The Millionaire Real Estate Investor” by Gary Keller, “Rich Dad Poor Dad” by Robert Kiyosaki, or “The Book on Rental Property Investing” by Brandon Turner can give you a solid foundation in REI strategies, including wholesaling.Most of the content offered in coaching programs can be found in books, free webinars, forums like BiggerPockets, and YouTube channels.
Chris Hertig
Tenant Living in Garage/Shop!
14 January 2025 | 4 replies
The violations would include 'the personal occupation of a garage as residence' while asserting to police that he didn't live in it, along with the power overloads due to use not in keeping with a garage rental.
Felicia Reid
Inspiring Entrepreneur in progress
30 December 2024 | 4 replies
My interests includes but is not limited to co-listing Airbnb, short term, medium term or long term rental properties just to include a few.
Adonis Williams
Inquiry: Mortgage Interest Rate with Point Buy Down
14 January 2025 | 6 replies
@Adonis Williams, you've received great comments: It depends on so many things, including FICO, LTV, type of loan, etc.
Peter Wachira
Massive 118% property value assessment increase
6 January 2025 | 3 replies
Another property assessment included another home that had been demoed/removed before we bought the property.
Doug Kirk
Liens on a property and determining position
3 January 2025 | 8 replies
The following quick filters now include HOA-related insights:Active liensPreforeclosuresUpcoming auctionsHope this helps
Levi Perl
When to lower rental listing price?
3 January 2025 | 18 replies
However, does that include people who wouldn’t qualify?
Jose Mejia
refinancing a property from hard money lender
13 January 2025 | 14 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).
Rae Chris
Properties, Networking, Advice,
2 January 2025 | 13 replies
that we’ve learned in our 24 years, managing almost 700 doors across the Metro Detroit area, including almost 100 S8 leases.
Briley Roe
Dscr investment rates high
2 January 2025 | 12 replies
I am getting to the point of wanting to back out due to the 27k combined Closing costs, not including down payment. seems like a I should look into finding a new loan officer.