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7 February 2025 | 10 replies
Run a credit check, which will include her address history and the dates she lived at each one.
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23 February 2025 | 9 replies
I'm a new (soon-to-be) investor although I'm narrowing down my buy box including the market and strategy.
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23 February 2025 | 9 replies
I recommend you include some of your key qualification criteria in the advertisement.
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14 February 2025 | 24 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).
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12 February 2025 | 14 replies
Although things will change this year, between HELOCs, 1031 Exchanges, and a Business Partnership, I'm up to 15 doors (including my personal residence) and I haven't done a down payment since 2015.
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30 January 2025 | 3 replies
Just to make sure we’re both on the same page, I’m referring to the annualized total return that is included in the bigger pockets rental calculator — I wasn’t intending to compare RE to stocks, but maybe I’m missing something in your answer.
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30 January 2025 | 8 replies
@Jonathan Klemm thank you for including me!
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29 January 2025 | 3 replies
Properties like the Michigan complex offer a unique entry point, combining cash flow and significant upside potential.Immediate Cash FlowThis particular property is projected to deliver 6% annual cash flow from day one, already exceeding the yield of Treasuries.Value-Add RenovationsThe property includes hundreds of units that can be upgraded to Class A finishes, justifying rent increases.
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28 January 2025 | 11 replies
The deal sounded good at the beginning but thought it included his fee and it didn't so he's tacking on his 20% on every bill.
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7 February 2025 | 9 replies
K1s show your share of income or losses from the partnership, and you include it on your respective personal tax returns.Now, to your partners.