
27 September 2024 | 14 replies
But as I've read more about the process, including a BP published book by Brian Green 'Long Distance Investing', I'm wondering if not only is a RE agent not needed for me, but is likely to work against my favor.Why?

26 September 2024 | 2 replies
For example we write exclusive use of the rental property includes use on two sides to the tree line, on one side to the rock wall and to the front curb.

27 September 2024 | 8 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).

26 September 2024 | 10 replies
I'm currently spending time learning as much as I can from various resources including books here on BP, accumulating capital and structuring my strategy.

27 September 2024 | 47 replies
that we’ve learned in our 24 years, managing almost 700 doors across the Metro Detroit area, including almost 100 S8 leases.

26 September 2024 | 14 replies
When he applied for the garage permit he included this statement to the city certifying that the coach house was neither commercial or residential and only used for storage.

27 September 2024 | 8 replies
Plus, if you're interested in stable, long-term tenants, many investors in these areas, including myself, have had success with Section 8 rentals.

30 September 2024 | 46 replies
In popular tourist areas, having a place where guests can unwind outdoors really adds value.Local-themed welcome basket: Include local snacks, wine, or small souvenirs from nearby businesses.

25 September 2024 | 1 reply
There, you'll find detailed information on investing—both in general and specifically in Las Vegas.Before I continue, note that the charts only include properties that match the following profile, unless otherwise noted.Type: Single-familyConfiguration: 1,000 SF to 3,000 SF, 2+ bedrooms, 2+ baths, 2+ garage, minimum lot size is 3,000 SF.Price range: $320,000 to $475,000Location: All zip codes marked in green below have one or more of our client’s investment properties.What we are seeing:The chart below is from the MLS and includes ALL property types and price ranges.Rental Market TrendsThe charts below are only relevant to the property profile that we target.Rentals - Median $/SF by MonthRents had another slight drop MoM ($1.18/SF vs $1.19/SF).

26 September 2024 | 3 replies
Many lenders offer DSCR financing for commercial properties, including self-storage facilities, especially in the $700,000 to $1 million range.