Elias Azo
New to Househacking
19 September 2024 | 13 replies
Hey Elias, house hacking is a popular and effective strategy.
Jonathan Dempsey
10 Best Pocono PA HOAs to Look at for Short Term Rental
17 September 2024 | 14 replies
Quote from @Jonathan Dempsey: 10 Best Pocono HOAs for STRIntroduction to the PoconosThe Pocono market has long been a popular vacation rental market due to the area's many natural attractions and the region's proximity to major metros Philadelphia and New York City.
Stacey Wells
How to Handle Earnest Money Deposit (EMD) When You Don’t Have Immediate Funds
15 September 2024 | 10 replies
Sounds like a follower of a recent popular Guru spreading very bad ideas.
Michael Whitman
New to real estate investing, looking to build connections
18 September 2024 | 13 replies
Columbus OH for example is a popular choice, with the city experiencing impressive property appreciation surpassing the national average.
Van Lam
Property in bad neighbor
18 September 2024 | 19 replies
Different platforms are popular in different areas.
Sam Faas
Should I hide my real name/contact info during the rental?
17 September 2024 | 20 replies
I currently live next door to one of the areas most popular restaurants and my vehicle is somewhat distinctive if you notice it simply because no one else in the area has one, not because it’s an expensive sports car or something.
Andrina Maximin
Has anyone used a DSCR Loan, what are your experiences with loan product?
18 September 2024 | 15 replies
Below are some general notes on DSCR loans:* usually used for single family or 2-8 multi family unit properties (fits your scenario)* must be for investment, non owner occupied (if looking for a product for alternative qualifying solutions for owner occupied there are other products)* can close in a personal name or LLC* usually 80% LTV for a purchase (20% down payment) & usually 75-80% LTV for cash out refis* prepayment penalties vary and are optional, but the higher the prepayment penalty, the lower the rate / options typical range from no prepay all the way up to 5 year prepay and structures vary for how those penalties work (3 year is my most popular by far)* appraisal most likely required and paid out of pocket during transaction* can be used for long term, mid term, or short term rental properties * generally 1%+ is the desired DSCR ratio but you get better rates if the ratio is higher (usually rate breaks kick in at 1.15%+ or 1.25%+) and you can still get the loan done if ratio is lower than 1% but the rate will reflect that (DM me if you wand help learning how to calculate the ratio)* the average time to close is 21-30 days* fees vary lender to lender and product to product, but $1595 underwriting plus title fees is pretty standard* 700+ credit is preferred to get max LTV, but plenty of options if credit falls below that* a typical loan minimum is $75k (have limited options for $50k+) and typical loan maximum is $3-4m (have limited options for $4m+)* 3 months reserves usually required, having 6+ months will usually result in better loan terms, 0 reserves can still get the job done if you go with a program that allows you to use the cash flow as reserves* 30 year fixed, IO, and ARMS available
Dilcia Morales
DSCR Docs Requirement
17 September 2024 | 22 replies
DSCR loans, while still a relatively new product, continue to expand in use and popularity for investors looking to achieve financial freedom through real estate.
Aamna Kidwai
Investment Loans (DSCR?)
16 September 2024 | 13 replies
The seminal book on the strategy, 30-Day Stay, published here on BiggerPockets and written by MTR pioneering investors Sarah Weaver and Zeona McIntyre, has helped popularize the method.
Cameron Fowler
Short Term Rentals in Indianapolis
13 September 2024 | 0 replies
This is especially important for those looking to scale their short-term rental portfolio.Property Appreciation: As short-term rentals continue to perform well, properties in popular neighborhoods are seeing strong appreciation.