Andreas Mathews
How Can I Gain Property Management Experience
10 January 2025 | 4 replies
At this stage, the main thing we need is for me to get back into the workforce and get some money coming in, in order to achieve that dream.With that in mind, my immediate goal is to gain employment in the field of property management, as opposed to wasting my time working in another field that is not associated with real estate.
Anthony Poulin
Starting a Long Term REI Business Starts Today! Lets go!!
17 January 2025 | 6 replies
I am hoping this gives me a head start in funding the initial investments.I also have some high balance liquid assets, but I am putting all or most those funds into other investment vehicles to diversify my holdings such as stocks, bonds, etc.
Rahul Grover
Hourly/per-showing contractors (agents?) for rental properties
17 January 2025 | 0 replies
I imagine this is a similar model to Redfin's associate agent program that pays by hour/tour.
Eddy Rios
Where to find buyers and investors
20 January 2025 | 2 replies
Most cities have a REIA (Real Estate Investor Association) that host monthly meetings.
Jay Hinrichs
New laws in Oregon now define who can wholesale and what license is required
9 January 2025 | 46 replies
And while NAR doesnt take it up, the state associations that do, do talk with one another.
Amol Kulkarni
Homeriver Group Property Management in FL
18 January 2025 | 2 replies
He was a past President of the National Association of Residential Property Managers (NARPM), he's honest, and he's a great businessman.
Scott Schnabel
New Regulations in the City of Cleveland
3 January 2025 | 18 replies
However, if that effort fails, the local agent is equally liable – criminally and civilly – for any fees, fines, etc. associated with the property."
Jose Mejia
refinancing a property from hard money lender
19 January 2025 | 15 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).
Jacob Dalton
Should Cook County be a "No Go" Zone for Single Family Rental Investment?
20 January 2025 | 11 replies
Before finalizing a decision to sell, I thought I’d get some thoughts from the BP forumThe only obvious factor I know to try to head off a problem is to carefully screen applicants.
Amanda Dobbs
Where to find Investors
17 January 2025 | 2 replies
Find a local chapter of REIA (Real Estate Investors Association).