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15 May 2024 | 12 replies
The lender is an individual, private and has great relationship with the borrower + borrower has a lot of experience2.
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17 May 2024 | 34 replies
Would love to meet other investors and like minded individuals.
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16 May 2024 | 13 replies
Each individual mountain town also seems to have more strict STR fees than other areas I've looked into.I know you already said you wanted to avoid CO, but just reiterating that it's probably wise to look elsewhere.
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14 May 2024 | 18 replies
Beware, some blanket loans, despite having a partial release clause, will still mandate you pay 120% of the original individual loan amount back to the blanket upon sale.
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16 May 2024 | 74 replies
My small business unit is a supervised living facility for individuals with intellectual disabilities.
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14 May 2024 | 11 replies
Syndications, commercial real estate, BRRR, Flips, Airbnb, I want to learn about all of it and thrive with like-minded investors and individuals.
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14 May 2024 | 10 replies
If not, then you can upload it yourself on the individual website.I am a licensed Real Estate Agent so when I upload my rental to my MLS, it automatically syndicates to several of these websites.
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14 May 2024 | 2 replies
I have personally invested in over 30 individual deals.
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15 May 2024 | 11 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.
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14 May 2024 | 7 replies
They know what they are doing and price the job accordingly.Over time, you'll meet a general contractor and/or a handyman who you like and can help out as an individual, but in general I just use the skill-specific established companies.