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12 December 2024 | 6 replies
If you’re aiming for 3 months, having a reliable team and the right lenders in place will be crucial to keeping things on track.More about how DSCRs support BRRRR refis: https://www.biggerpockets.com/blog/brrrr-loans-what-are-the-...
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16 December 2024 | 18 replies
Furnished Finder does make it tricky since you need separate profiles for each room, but platforms like Apartments.com or Airbnb might work better if you're aiming for full-house rentals or structured by-the-room arrangements.If you decide to rent to multiple individuals:Tenant Screening: Screen each tenant thoroughly to ensure they’re reliable and responsible.Clear Communication: Introduce potential tenants to one another Detailed Agreements: Use separate leases for each tenant and specify shared vs. private spaces, utilities, and maintenance responsibilities.House Rules: Create clear, written house rules to prevent misunderstandings.Inventory Tracking: Document everything in the home (furniture, appliances, etc.) to avoid disputes about damage or missing items.Also, market your property with its flexibility in mind—like proximity to hospitals for traveling nurses or universities for graduate students.
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27 December 2024 | 66 replies
Aim for the sky... you will reach the ceiling....
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11 December 2024 | 7 replies
Always be conservative and try to aim for the lower rents to do your analysis.
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10 December 2024 | 13 replies
Generally I've found the rental market to be much slower in this area in the wintertime, so in the future I would aim to have your leases start and end sometime in the spring or summer when more students, families, etc. are moving.
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9 December 2024 | 4 replies
If you really want to supplement your income, my thought would be to take out a HE loan (or some other 2nd position loan) and use that to fund a down payment on a property.
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30 December 2024 | 819 replies
However my wife does buy bikinis sight unseenHowever....that is about as far as I go in agreeing with youThe clients of Morris Invest have reported--Endless lies about the scope, state of completion of rehab, lack of accounting of rehab funds and flat out crappy work and in some cases no work at all done-Leases on properties that are vacant, supplementing the actually amount of rent without the clients knowledge in order to increase returns.
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12 December 2024 | 6 replies
Me and my wife are aiming to be debt free by the end of 2024, then begin saving aggressively for a house while maxing out our 403Bs.
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17 December 2024 | 12 replies
Our rentals are on conventional loans but if/when we refinance or get into the next deal I'm aiming for DSCR.
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9 December 2024 | 5 replies
Many investors aim to jump straight into turnkey properties or multifamily deals to scale quickly, but the truth is that most people don’t have enough liquid capital to maintain consistent growth this way.