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5 February 2025 | 5 replies
If you need a conntection in Upstate NY I can direct you to the right person.
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4 February 2025 | 2 replies
The concern with the DSCR loan is that I need to make the property present as though it's rented to individuals during appraisal (tough since it's a working rehab facility now) and must create another lease that shows the tenant as personal and not a company.
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12 February 2025 | 7 replies
Try a Google search for managers or look for an investors group in the area that can provide personal recommendations.1.
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11 February 2025 | 0 replies
(2) Ask for a Personal Financial Statement?
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4 January 2025 | 14 replies
Quote from @Stuart Udis: ....But I set the goal of acquiring 50 doors in the next 3 years using the BRRRR method and will then be financially free...isn't that a scalable business :)We see the above type comments from not so experienced investors or business owners all the time being posted on BP.
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9 February 2025 | 17 replies
However, a common benchmark is aiming for at least 6-8% cash-on-cash return based on your total investment (purchase price + rehab + closing costs).Always factor in appreciation potential, tax benefits, and personal risk tolerance.
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3 February 2025 | 8 replies
One thing to note when getting conventional mortgages and spouses.There is a 10 limit per person for conventional financing.You can either do 10 conventional in each person's name which would be 20 mortgages for 2 people or if you do the mortgages jointly, will only allow 10 in total.My thoughts are not to own joint assets until you are both married.
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10 February 2025 | 4 replies
Personally, I invest in properties in C-Class neighborhoods in my market (East Linden and Southern Hilltop), and they’ve been cash-flowing well so far.
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8 February 2025 | 6 replies
Talk with the syndicate/Reit and your tax person.