Ryan Daulton
Benefits of self-directed IRAs
14 January 2025 | 18 replies
Those typically seeking $30-$50k are for down payments or second position liens. 2.
Ethan Slater
New Member Joining BiggerPockets
4 January 2025 | 14 replies
@Ethan Slater here's some info we hope you find useful:Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?
Summer Shelton
Income from property considered when applying for loan as primary residence
11 January 2025 | 8 replies
Typically 75% of rental income can be applied towards your DTI for qualification.
Allende Hernandez
Is it legal (or a good idea whatsoever) to reimburse screening fees?
11 January 2025 | 9 replies
Typically the first set of tenants I screen are the ones who end up in the unit due to prescreening activities like my application and making sure I meet them.
Robert Quiroz
Why are a lot of MFH being sold with rents under market
13 January 2025 | 30 replies
The typical 2-4 unit I represent buyers on we are able to increase rents 40-100% especially in gentrified areas.
Clint Miller
Where Do You Find the Funds for the Down Payment?
26 January 2025 | 15 replies
You typically need a down payment for many things you buy.
Paul Lucenti
Strategic ways to scale
23 January 2025 | 8 replies
We typically do 4-5 years interest only while paying down the principle balances over time.
Dionte Griffin
first deal advice
3 January 2025 | 3 replies
Typically the more extensive the rehab the higher the value add.
Cristen Marcotte
DO NOT USE STEADILY INSURANCE
19 January 2025 | 15 replies
I have warned countless people that the "new", "Cheapest", and "shaking up the insurance market" carriers typically come into the market under priced, have a wave of claims, then they either jack up premiums to survive or fire their staff to keep heads above water.
Mike Levene
Most efficient source to pull funds from for a down payment?
23 January 2025 | 7 replies
Just curious, what is a typical LTV I can draw up to with a HELOC on primary and investment property?