
11 June 2024 | 6 replies
Find and connect with other BP members that are in your area: https://www.biggerpockets.com/search/usersI hope BP helps you achieve your goals!

12 June 2024 | 10 replies
Hey there @Fendy Jn pierre you should definitely talk to the agent I connected you to to help you refine your search according to your criteria :-) But also I would ask what you are trying to achieve when you say you want to focus on "safe" neighborhoods.

11 June 2024 | 5 replies
Current Loan Balance: 100,952Interest rate: 3.75Mortgage payment + insurance/taxes: $1066Rent: $1500/monthEstimated current value: 227k Current cashflow: $369/ month, I also have a first american home warranty on it $68/month so after everything I net about $300/ month.

12 June 2024 | 20 replies
However, I got a $260k upper on an appraisal once (highest I have achieved).

11 June 2024 | 0 replies
This means understanding what they hope to achieve through the transaction, whether it's growth, expansion, or a strategic partnership.

11 June 2024 | 4 replies
On our second deal, we brought on another partner, to help with down payment and balance sheet.Thank God, because when we signed our next deal six months later, our partner was instrumental in helping us with the loan.

12 June 2024 | 20 replies
It's a very fine balance but crucial to your success!

11 June 2024 | 6 replies
Any other possitive factors - stable tenant base - alarm systems - regular checks on the property - no pets - Lead safe certification - newer roof, plumbing, electric, etc..Anything to balance off the lossesBe prepared that it may end up in a non-standard (surplus lines) market for a couple of years.If you did not have flood coverage before, see if they will continue the current policy if you get Flood coverage and increase the property coverage deductible.

11 June 2024 | 4 replies
Interest income is treated the same as rent income for example.One other tip, we make sure to keep the MMA account balances at $250,000 or below to maintain FDIC insurance limits.

10 June 2024 | 8 replies
I believe you have to put cash down within a certain time period (5-10 days) and then no inspection and also full balance pretty quick.