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21 March 2024 | 10 replies
I use this function to network with other passionate individuals.
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21 March 2024 | 9 replies
It is hard to set up an out of state network as an individual because how much attention do you really want that agent or contractor to give you?
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21 March 2024 | 15 replies
Hi Cody, Continue to network with like minded individuals in your local area as well in the BP community.
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21 March 2024 | 7 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.
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20 March 2024 | 2 replies
Can anyone provide recommendations on searchable public records data providers that cater to individual investors?
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20 March 2024 | 10 replies
I have done some private money lending in the past but with individuals not with a company that is doing a number of houses every month.
20 March 2024 | 7 replies
So even if you can find a sponsor with the requisite experience you will also have to meet the individual property value requirements of the portfolio lender.
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20 March 2024 | 1 reply
Investment decisions are highly dependent on each individual's assessment factors, period of time assessed, investment financing, etc.My current ROI is far far greater now than when first purchased.
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21 March 2024 | 16 replies
Traditional DSCR (Debt Service Coverage Ratio) loans typically consider the entire property's rental income, not individual rooms.
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21 March 2024 | 7 replies
That's one of the ways in which those projects are able to provide services to a higher density of units...individual City services are typically not feasible for these projects because they won't meet City requirements for access maintenance etc.