
9 May 2024 | 13 replies
You can find and connect with these individuals at local meet-ups, BiggerPockets, Facebook groups, and from other investors.

10 May 2024 | 15 replies
I understand that these plans are for self-employed individuals or those running a side business of some kind.

9 May 2024 | 13 replies
Good luck to youThere is a lot of mf properties in my local area that have been just sitting on the market due to poor pricing, I am going to try and reach out to them individually and see if we can work something out. thank you for your response!!

9 May 2024 | 6 replies
I'm looking to surround myself with like minded individuals and would love to attend some local meetups as I start this new journey.
7 May 2024 | 1 reply
@Wagner SoaresSome cfd’s have a note and some incorporate the loan terms, it either way you can do a modification

9 May 2024 | 11 replies
Well, you ‘re not “representing yourself”, you’re just an individual, as if you never had a license, except you have to disclose that you are licensed.

9 May 2024 | 5 replies
There's a wealth of knowledge to be gained before making significant moves in real estate.Consider joining a local real estate investors association to start networking with like-minded individuals.

9 May 2024 | 14 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 = 1.23DSCR lenders generally let you vest either individually or as an LLC.

7 May 2024 | 5 replies
You should be receiving a monthly owner statement and then you can just incorporate it into your corporate accounting.I have almost 20 years of PM experience in the accounting/finance world.

8 May 2024 | 8 replies
We learned this the hard way with several of our bookkeeping Clients a couple of years ago.Now, having partners on individual deals within your entity is not the same as a "partnership entity".