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8 March 2024 | 5 replies
The main challenge I observed is that individuals often lack a clear end goal or strategy, or they select a market that doesn't align with their chosen strategy.
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8 March 2024 | 19 replies
As you will see there are tons of resources and like-minded individuals here with more than a plethora of knowledge to help guide you down the correct path in your real estate journey.
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8 March 2024 | 10 replies
Everyone had 20 minutes alotted to their individual situation and bounce ideas/get advice from the group.
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8 March 2024 | 6 replies
If you looked at the individual properties, obviously the one cashflowed great and the other two were negative.
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9 March 2024 | 21 replies
Take a look at each room individually, mentioning both the structural and aesthetic elements.
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8 March 2024 | 7 replies
BP is an excellent resource for learning about real estate investing and connecting with like-minded individuals.
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8 March 2024 | 13 replies
Could you subdivide it into lots and sell the lots individually for more money?
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8 March 2024 | 19 replies
I agree with Bruce that GC can often get better prices than an individual, however, if you are doing multiple deals you will be able to get great prices as well.
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8 March 2024 | 14 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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8 March 2024 | 44 replies
It turns out they decided it wasn’t for them, but I did finally get a deposit to hold for it from another individual.