Cecily Lachapelle
Excited Rookies from Seacoast NH Ready to Dive In!
26 November 2024 | 9 replies
Milton and Farmington can be excellent choices, too, often with more budget-friendly options and the chance to add value in less saturated areas, might have better cash flow luck here.For lenders and agents, I'd recommend networking with those who have experience specifically in the NH Seacoast markets since these towns can vary in terms of tenant demographics and rental demands.
Sunny Chen
Investing in an Appreciating Market: How is Dallas Performing?
26 November 2024 | 10 replies
Texas still has solid growth potential, particularly in cities like Austin and Dallas, but prices have risen, so returns may vary.
Andrew Steffens
Credit Card Points Hacking
6 December 2024 | 36 replies
I keep the same few cards but vary which card I use depending on the purchase.
Kristin Boekhoff
Practical Questions for Small Multifamily
25 November 2024 | 8 replies
Pest control varies in each state,, but I would call other owners to see what they are doing.
Liam Alvarez
Best Apps for Analyzing Real Estate Markets: Share Your Experience!
3 December 2024 | 19 replies
Worst because you really need to have an experienced expert or specialist to walk you through the regulatory environment, as it can vary on a county, city, or even neighborhood basis!
Henry Clark
Self storage- Syndication Stress Tests
24 November 2024 | 1 reply
All deals have the following issue, you should stress test, the degree of failure before it impacts the Capital Stack and then what happens.1.
Karina Busch
How to get fixed rate loans on investment properties?!
2 December 2024 | 21 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).
Becca F.
Buying from a flipper vs. primary homeowner vs. BRRRR for OOS
25 November 2024 | 3 replies
Walking the property before closing is definitely worth the cost to avoid bigger headaches later, especially with flipped homes where the quality of renovations can vary.
Taylor Davila
Converting single family into multifamily
23 November 2024 | 2 replies
I have seen costs vary widely from contractor to contractor and you want to go in with all eyes wide open.
Sam Huang
Slow progress & delayed gratification to Financial freedom
27 November 2024 | 8 replies
OP the good thing about BP is varying opinions and also objectives.