Ryan Jacques
DSCR Terms Opinion
21 June 2024 | 11 replies
Option 1:30 Year FixedLoan Amount $202,500.00LTV 75%Discount Points %0.00Prepayment Penalty (3/2/1)Interest Rate % 8.225Origination Fee % 0.00Underwriting Fee $1,645.00Monthly Mortgage Payments $2,018.76Broker Fee % 1.25Cash From Borrower $78,081.01Option 2:5/6 ARMLoan Amount $202,500.00LTV 75%Discount Points %0.00Prepayment Penalty (3/2/1)Interest Rate % 8.025Origination Fee % 0.00Underwriting Fee $1,645.00Monthly Mortgage Payments $1,990.40Broker Fee % 1.25Cash From Borrower $78,052.65Seems like some competitive terms - nothing out of the ordinary that I see.
Jim K.
For newbies and the BIG MEANIE INVESTORS in the BiggerPockets forums
20 June 2024 | 69 replies
The poorest Americans - those in the bottom 5% - are wealthier than 70% of the rest of the world.
Matthew C Dominy
Process Of Starting A Real Estate Fund?
20 June 2024 | 13 replies
Since Paraguay is a neighbouring country to them and they'll know it much better than Americans, speak the same language, have a similar culture and legal system, ..., if Argentines won't invest there, I don't see why Americans would.It's great to be ambitious but sometimes (if not all the time) you have to learn to walk before you start to run.Hope this helps
Brian Doyle
9 units in first 5 months, I'll be looking for some advice!
19 June 2024 | 1 reply
After saving for years and being priced out of nearly all of our favorite neighborhoods here in the northeast, we decided to give up the American Dream of being house poor the rest of our lives and get into real estate.
Spencer Feuerbach
New member from Boston -- Investing in Spain
18 June 2024 | 38 replies
The BRRRR method becomes possible if you know the right mortgage brokers, also for foreigners (it is true that for Americans they have their specific criteria to look at things).
Scott Morgan
FIG - fourplex investment group
20 June 2024 | 33 replies
My seller has now put money down to buy a triplex that FIG is building in American Fork, the cap rate is 7%.
Andreas Mueller
It's Good News Week! Why we may be in a 10-year growth cycle, circa 2009-2018.
19 June 2024 | 0 replies
American’s Net Worth is UPTotal net worth for the bottom 50% of folks is UP big time, and has been since the Great Financial Crisis, but it took 13 years, until ~2019, to get back above 2006 levels.
Sean Lehmann
What should HVAC system cost in Chattanooga?
18 June 2024 | 7 replies
American Air and HVAC was the group I used FYI
Jeremy Staggers
Houston Investor Friendly Title Companies
17 June 2024 | 26 replies
@Jeremy Staggers I've used First American Title in Houston for many transactions (Spring office).
Nicolas Tow
Taxes on new build single family home
17 June 2024 | 2 replies
Your gain / income on the sale would beSales price less cost to purchase the lane, less the cost to build the property, less improvements less costs to sell plus the depreciation taken on the property.Whether the gain is ordinary or capital will depend on whether you are classified as a dealer.