
13 November 2024 | 14 replies
They were all non performing - many renovation loans where little reno was done and maturity date already passed - guessing it was inexperienced borrowers learning how to flip and were getting "easy" money. ya they took me out of about 14 of my deals and well being that I was getting paid it was not my place to coach them they made loans far in excess of my positions.

12 November 2024 | 4 replies
DSCR stands for Debt Service Coverage Ratio, which is a calculation that determines if a loan's income covers its annual debt service.

13 November 2024 | 9 replies
After all PITI, utility, and services (lawncare and cleaning) costs I have $7,225.I set aside 25% of this for my maintenance fund.The remainder funds my lifestyle, wife has a Tesla, and quarterly vacations as well as business growth.In 2023 I am tracking to build 4 duplex units designed as room rentals funded in part from a recent land sale.

14 November 2024 | 1 reply
You'd be borrowing a slightly higher amount but your monthly debt service could drop by a few $100s. i.e.

16 November 2024 | 21 replies
The IRS is stringent, and the primary time commitment in a non-real estate role may disqualify you, especially with passive management of your portfolio.2.

19 November 2024 | 23 replies
How much notice to raise rent, non-renew, post notices or start evictions?

12 November 2024 | 8 replies
The tenants may even appreciate the service.

14 November 2024 | 9 replies
You provide a service (offer), you find people who need to buy your service (leads), you need to close them in order to get their business.

15 November 2024 | 7 replies
Duplexes are worth quite a bit more per sqft than Fourplexes as there is a larger buyer pool and it opens to the non-investor customer.