Daniel LeGare
Hello BiggerPockets! New PRO here
10 January 2025 | 7 replies
I enjoy college football, video games, and lifting weights.
Sara Valentine
Why am I NOT getting any inquiries on my midterm rental?
16 January 2025 | 10 replies
Even if I have to lower the rate by $200 to find the right tenant, I am still ahead of the game by a C-note by year's end.Just my 2 cents, I hope you have already found a tenant for your home by the time this post drops!
David Shaun
Hit $200K in Cash Flow in 2024
16 January 2025 | 38 replies
It’s a get rich slow game, but if you can be patient and give yourself 5-10 years investing in RE, you’ll be set.
Shayan Sameer
Seeking Advice on Real Estate Investing Strategies
12 January 2025 | 6 replies
That is an upfront game plan with numbers that should be somewhat fail proof if done correctly.Lastly dont forget that 85% of people who take out a HELOC end up doing a refinance within 3 years to consolidate into one loan.
Evan Haas
New to the forum, hoping to get started with a multi-family
16 January 2025 | 11 replies
What type of properties are you looking to add to your portfolio to "get back in the game"?
Alex Patton
Refinance DSCR Advice
3 February 2025 | 26 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).
Jesse Valdez
HELP***Week to week tenant eviction
12 January 2025 | 28 replies
Notices, eviction laws, tenant rights and landlord rights vary by state, with some county or city overlays.
Pete Resendez
A friend's divorce mediation and a townhouse involved
14 January 2025 | 4 replies
Very nice suburb area outside of Dallas and I'm very much ready to get in the real estate game!