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Results (10,000+)
Chris Hertig Tenant Living in Garage/Shop!
14 January 2025 | 4 replies
The violations would include 'the personal occupation of a garage as residence' while asserting to police that he didn't live in it, along with the power overloads due to use not in keeping with a garage rental.  
Laurens Van swol DSCR Loan for Florida investment
27 January 2025 | 15 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).
Bob Asad Can You Resell a Seller Financed Land or Property?
8 January 2025 | 8 replies
In any contract you don't typically need a clause saying what you CAN do, its assumed you can do anything legally allowed as an owner including sell.
Adonis Williams Inquiry: Mortgage Interest Rate with Point Buy Down
14 January 2025 | 6 replies
@Adonis Williams, you've received great comments: It depends on so many things, including FICO, LTV, type of loan, etc.
Robert Ok Best Real Estate Coaching Programs
14 January 2025 | 11 replies
Books like “The Millionaire Real Estate Investor” by Gary Keller, “Rich Dad Poor Dad” by Robert Kiyosaki, or “The Book on Rental Property Investing” by Brandon Turner can give you a solid foundation in REI strategies, including wholesaling.Most of the content offered in coaching programs can be found in books, free webinars, forums like BiggerPockets, and YouTube channels.
Michael Martin Hello BiggerPockets! New PRO here
11 January 2025 | 2 replies
We don't allow any "deal-making" in the forums, which includes advertising your services or properties, looking for partners, etc.
Shayan Sameer Questions About Purchasing a Duplex as a rental
17 January 2025 | 11 replies
During your analysis did you include a percentage amount for vacancy, maintenance, and cap x?
Sabian Ripplinger should i use hard money to grow quicker
23 January 2025 | 7 replies
Just make sure that you include this requirement in your costs.
Zachary Young Where To Buy My First Rental Property
30 January 2025 | 56 replies
Everybody who invests in Southeast Mexico, including myself, knows that the typical property doesn't offer ROI upwards of 10%-15% but way less.
Mike Conner Investor wants to trade properties - seeking advice
12 January 2025 | 2 replies
Just say no.I would almost never do this trade unless all my downside, including potential unknowns, were completely compensated for.