Jack B.
What are the risks of DSCR loans?
19 January 2025 | 9 replies
I can buy a 2-4 unit with 20% down vs conventional can only buy a 2-4 INVESTMENT property with 25% down 4. there are options where DSCR loans dont repot to personal credit, helps in not having to show a bunch of paperwork or not one person in a partnership has to carry the debt5. way less paperwork to close on this loan type vs a conventional loan. we care about the income of the property you're buying and it's ability to service the debt of the property whether we use long term rents income, lease income, or air dna/bnb income.6. easily buy in partnerships, add people to your operating agreement, its as easy as that so bring partners into a deal. helps with scaling and raising capital or getting partners involved7. gift funds allowed to close on these as well, and like I said earlier, there's only a 10day seasoning period of funds with some lenders so that means you can literally have a private money lender deposit money into your account 11 days before closing, and you can use those funds to close!
Jimmy Rojas
Will Trumps presidency benefit small RE investors or people just starting out?
25 January 2025 | 2 replies
See the fact that mortgage rates are up about 1% from Oct when the fed started to cut the fed funds overnight rate as evidence.
Alec Jacobs
What bank account should I use for my rental property?
26 January 2025 | 3 replies
It’s usually best to open a separate business checking account so your rental income and expenses stay organized and away from personal funds.
Collin Luckett
Raising Money / How to Structure
9 January 2025 | 9 replies
@Collin Luckett Just adding, if you have the ability to fund with your HELOC, it would be far cheaper than PML or Hard money.
Ashley Wilson
Pros and Cons of Joining a Coaching Program
27 January 2025 | 29 replies
ONLY purchase training if its with funds you can afford to lose because of the failure rate.making connections is important and where success can come from.
Kyle Reedstrom
Downtown Fargo 12plex STR Conversion
28 January 2025 | 2 replies
70/30 investor fund structure to make this deal go.
Rachel Jane
Rent or sell
20 January 2025 | 7 replies
- If the Association Fees are regularly increasing or the Association is poorly funded - SELL.3) How much of your TIME do you want to invest in all this?
Eli Edwards
Help finding active wholesalers
16 January 2025 | 8 replies
I have been on New Western's deal list as well as another bigger local company and everytime I underwrite these deals there is very very minimal left on the bone let alone contingency funds for going over budget on the flip...
Casey Graham
11 Doors, 13% Stabilized Yield, Town of 13,000?
23 January 2025 | 15 replies
Be sure to have funds you can tap in case of emergency or inevitable market dips. - Most Fortune 5000 (and others) companies do this.
Tuan Tran
Section 8 Fort Wayne, IN
15 January 2025 | 7 replies
While they mostly aren't lying, they leave out a lot of reality.Why would a government funded program like S8 pay MORE than market rents?