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3 August 2024 | 9 replies
Hello All I have heard the ads on the Bigger Pockets pod cast in relation to the Avail landlord software online tool.
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2 August 2024 | 7 replies
Hi everyone,As a newbie in the world of Real Estate Investing (REI), I'm eager to establish a strong foundation for managing my finances.To streamline this process and stay organized, I'm seeking recommendations for user-friendly online bookkeeping tools specifically designed for REI.
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1 August 2024 | 8 replies
We then spent around $30,000 out of pocket on renovations, including repairing the roof, upgrading the electric panel, installing new HVAC, and putting in a new kitchen.After completing the work, we refinanced with LendingOne using a 30-year fixed-rate DSCR product at around 7%, which resulted in a net cash-out of approximately $15,000.A couple of things to note:I'm out of pocket on this property for around $40,000 ($25k down, $30k rehab, minus $15k recaptured).I'm thrilled with this amount since it's far less than our "normal" 25% down strategy would require based on the higher value.The property appraised for $330,000 after the renovations.The key point for me is that this property is now netting around $800/month in cash flow.
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3 August 2024 | 19 replies
Very few mortgages last 30 years before they are paid off or refinanced. 5-7 years is the average life of a mortgage right now, and 10 years isnt unrealistic.
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30 July 2024 | 4 replies
What is the maximum time you allow for payment of security and 1st month's rent after an applicant signs an ONLINE lease - 1 hr, 24 hrs, 48 hrs?
2 August 2024 | 4 replies
Im new to this all and found this property online just to try the calculator out.
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1 August 2024 | 23 replies
Lenders:Several lenders offer investment property loans in Columbus:- LendingOne: Provides short-term mortgage loans for property purchases, refinancing, and rehabs- Longhorn Investments: Offers hard money loans for Columbus real estate investors- Longleaf Lending: Provides 30-year rental loans for long-term rental property investmentsFor BRRRR and fix-and-flip strategies, consider hard money lenders.
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2 August 2024 | 4 replies
A few tips to get started: focus on networking with local investors, attend meetups or join online forums, and consider reading books like "The Millionaire Real Estate Investor" or "Rich Dad Poor Dad."
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2 August 2024 | 19 replies
(online search shows range from $4.95 excl tax (so $80pa!)
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3 August 2024 | 27 replies
Was the auction online or at the courthouse.