Christian Hwang
Advice for a New Out of State Flipper
1 January 2025 | 22 replies
You want a hustler, not a top performer, if you want check-ins.I appreciate the candor and would definitely agree that my framework is all in theory until I can get a proof of concept for these out of state deals.I like your idea of pushing my boundaries in CA.
Jason Bales
Understanding Housing Vouchers
2 January 2025 | 2 replies
They still all use standard HUD forms though l imagine.I'm curious is it federal,state or county legislation that creates changes between HAs?
Rereloluwa Fatunmbi
Seeking Advice to Improve STR Performance in East Downtown Houston
22 January 2025 | 22 replies
Currently you don’t have a distinct color palette or concept.
John Lasher
Coaching for multifamily?
30 January 2025 | 23 replies
So, my standard thought is they are either not as successful as they put out in the world (and need $20-30k), or they are charging you to sell you something more.
David Young
Questions From a first time Investor
29 January 2025 | 12 replies
@David YoungRecommend 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?
Jack B.
What are the risks of DSCR loans?
19 January 2025 | 9 replies
This means that if you pay off the loan too early, then you'll pay a 1-5% fee off the loan amount. paying off the loan early means you either refinance or you sell the property, both would trigger a prepayment penalty to the lender. that being said, you can choose your prepay options, 5yr usually giving you a better interest rate by like a 0.25%, 3yr being most common and standard, and a 0,1,2 yr where you can buy down the prepay to be less years. meaning you pay 1% upfront of the loan amount to get a 1yr prepayment penalty so you're free to sell the property or refi after 1yr.
Brian Rocha
Any experience with HMLs for the purchase only?
10 January 2025 | 21 replies
@Brian Rocha It’s clear why most lenders insist on including rehab funds in the loan, and all of our partner banks follow this practice for fix-and-flip loans to minimize risk and meet securitization standards.
Shakthi Kamal
Is a min of 2% rent to price ratio needed for positive cashflow in today's market?
6 January 2025 | 2 replies
----------------------------------------------------------------------------------------------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?
Jasmine Thermitus
Primary to Rental Property
15 January 2025 | 15 replies
After that make sure you have your property up to standard before placing a tenant.
Basit Siddiqi
Investing in Spain: Good idea for non-residents(Americans)?
23 January 2025 | 31 replies
However, the concept of a virtual office is a very useful tool that provides a professional fiscal and commercial address, as well as additional services such as mail handling, meeting rooms, and phone assistance.