Hudson Filippi
Using FHA Construction to House Hack?
30 January 2025 | 8 replies
@Jonathan Klemm thank you for including me!
James Jones
New Investor Scaling Through Care Homes and Assisted Living
20 January 2025 | 10 replies
Now we are mostly scaling our business with larger communities but I've used many different creative finance strategies including seller finance, private lending, hard-money, collateral from other properties, and lease-options.
Jason Hathaway
What’s your thoughts on Owner Financing
4 February 2025 | 9 replies
But even then, seller financing is rarely substantially better than another investment they could make (including trust deed lending, which will often be at a higher rate than seller financing)In my experience, the owners who find owner financing advantageous are at the ends of their careers and are not interested in looking for another investment (other than the usual retirement funding sorts.)
Nicholas J Robichaud
Resources for Grocery Budget?
3 February 2025 | 3 replies
You can customize including organic food and they have options for both make it yourself (like HelloFresh) with recipes and also made for you.
Max Matthias
Investing decisions for the future
6 February 2025 | 2 replies
Continue renovating my current house--big projects would include finishing the basement (adding a bedroom/bathroom/living rm space) and putting new siding on (the current siding is probably the original).
Dwight Cox
DSCR financing on mobile homes
28 January 2025 | 2 replies
If the land is included with the mobile home, there are DSCR lenders that will be willing to lend up to 70% LTV as long as it is not a rural area.
Taylor Calloway
Off Market Opportunity Question
31 January 2025 | 4 replies
I suppose I should have included that info.
Ofir R.
50K Cash, DSCR loan, where?
26 January 2025 | 3 replies
that we’ve learned in our 24 years, managing almost 700 doors across the Metro Detroit area, including almost 100 S8 leases:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+ (roughly 5% probability of default), zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680 (around 10% probability of default), some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.
Marc Zak
LLC Insurance and Taxation
31 January 2025 | 7 replies
If you're going the umbrella insurance route, perhaps see if it will cover you for several things including just the routine slip and fall (like mold or earthquake).
Leon George
New to BP Community
24 January 2025 | 13 replies
Here are additional comments:1) Buying out of state removes any local knowledge you have from assisting in your success, including knowing areas, people and costs. - We always recommend buying your first rental locally if possible and DIY managing to learn as much as possible before investing OOS.2) Lots of crooks and incompetents in the PMC world:( They both cost you money.- As already stated, you'll have a small portfolio.