![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/329845/small_1674401826-avatar-7einvestments.jpg?twic=v1/output=image&v=2)
5 February 2025 | 8 replies
Penalties of these Federal charges may include:30 years in prisonUp to $1 million in finesThey have a "statute of limitations" - (with a third "T" ;-) of 10 years from the date of the transaction - 10 years from now, you could get a very nasty call and hopefully, you put your reserve money in a good account that grew to cover legal expenses**********************************************And the universe could blow up as Doc says in Back to the Future " But, granted, that's the worse case scenario."
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/39864/small_1621391872-avatar-sensitivejoe.jpg?twic=v1/output=image&v=2)
2 February 2025 | 22 replies
I immediately called Financial Freedom they explained that the $200 was for their "pay -site" which includes a free weekly conference call, etc.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2635350/small_1694900404-avatar-suzyf4.jpg?twic=v1/output=image&v=2)
21 January 2025 | 1 reply
Listing your property there ensures visibility.Build Relationships: When agents reach out, respond quickly, highlight your property’s amenities, and showcase your flexibility to meet displaced families’ needs.Highlight Insurance-Friendly Features: Emphasize features like flexible lease terms, utilities included, and a fully furnished setup to attract insurance placements.This approach has helped me successfully market to insurance companies.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2903558/small_1735873779-avatar-katiec177.jpg?twic=v1/output=image&v=2)
4 February 2025 | 7 replies
Many people have had a great experience with home warranties, myself included.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/516689/small_1621480701-avatar-shilohl2.jpg?twic=v1/output=image&v=2)
5 February 2025 | 29 replies
Roll them all up and the averages are:purchase $154krenovate $47Ksell $232kThese are gross numbers, not including closing costs, borrowing costs, holding costs, licensing and permit costs, G&A, overhead, commissions, forward rate buy-downs, and lease-up fees, to name a few of the many expenses incurred.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/923396/small_1621505623-avatar-johnv103.jpg?twic=v1/output=image&v=2)
30 January 2025 | 34 replies
Just because they included that clause in their contract doesn't make it enforceable.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/3037873/small_1726410141-avatar-audreys48.jpg?twic=v1/output=image&v=2)
27 January 2025 | 11 replies
A significant number of my clients are from out of state, including many from Washington State and California.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/102004/small_1726960961-avatar-jchilimidos.jpg?twic=v1/output=image&v=2)
24 January 2025 | 16 replies
So if you move your IRA assets to 401k, including both rentals - you can finance them in the 401k and be exempt from UBIT.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/1444397/small_1696909269-avatar-josem314.jpg?twic=v1/output=image&v=2)
1 February 2025 | 16 replies
I've included an example below to help illustrate this.So different lenders have different rates (which do vary even for DSCR loans) but these are factors they all consider.See example below:DSCR < 1Principal + Interest = $1,700Taxes = $350, Insurance = $100, Association Dues = $50Total PITIA = $2200Rent = $2000DSCR = Rent/PITIA = 2000/2200 = 0.91Since the DSCR is 0.91, we know the expenses are greater than the income of the property.DSCR >1Principal + Interest = $1,500Taxes = $250, Insurance = $100, Association Dues = $25Total PITIA = $1875 Rent = $2300DSCR = Rent/PITIA = 2300/1875 = 1.23If a purchase, you also generally need reserves / savings to show you have 3-6 month payments of PITIA (principal / interest (mortgage payment), property taxes and insurance and HOA (if applicable).
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2995563/small_1714957045-avatar-ryand980.jpg?twic=v1/output=image&v=2)
26 January 2025 | 4 replies
It would cost me only $2300 per month which includes rent utilities furnishing and property management. she showed me one example only of a customer who profited greatly.