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5 February 2025 | 4 replies
So many BP podcasts that I've listened to someone brought a "partner" in on the deal but they don't typically expound upon the journey to finding said partner.
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6 February 2025 | 16 replies
Short term my credit score did take a hit, but once the promotional transfers were paid off, my score jumped higher than it was before.These days, the "pure" zero percent transfers don't seem to be around anymore as they typically charge a 3-5% balance transfer fee as part of the promotion, but this is still better than current HELOC rates.
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31 January 2025 | 6 replies
Self managed HOAs are usually undercapitalized so you want to take a thorough review of the condition of the community to make sure there isn’t deferred maintenance because you might get hit with a special assessment if the board isn’t setting aside cash for those capital improvements.At face value, taking into consideration my typical financial objectives, I wouldn’t do this deal unless it was a much lower price.
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27 January 2025 | 6 replies
Refinancing: If the lender doesn’t approve, refinancing under the LLC might be required, but LLC loans typically come with stricter terms and higher rates.3.
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1 February 2025 | 3 replies
Some DSCR lender may jump on here and say they do them but I don't like their terms typically.
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20 January 2025 | 9 replies
His agreements to produce websites, venture plans, private placement memorandums, white papers and coaching give him zero liability or responsibility to honor his commitments.
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21 January 2025 | 8 replies
So, make sure YOU understand the copy & paste info below:Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?
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23 January 2025 | 2 replies
Typically corporate/bank owned homes are managed by an asset management company.
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3 February 2025 | 12 replies
This will typically be a DSCR loan up to 75% of the new value.
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28 January 2025 | 1 reply
Typically homes in-between tenants, or a new purchase with intent to have renters within 30 days this is allowed.