Mark Hamilton
New Member to Bigger Pockets Forum
24 October 2024 | 9 replies
Check out REI Central, CHS Circle, and the Tri-County Investors Association.
Francis A.
In fast-growing Phoenix, higher rents have pushed more people to their financial limi
30 October 2024 | 4 replies
“The rents increasing, high unemployment during Covid [and] the reliance on the rental assistance have all kind of culminated in what can be a difficult situation for some of our residents,” said Courtney LeVinus, president of the Arizona Multihousing Association, a landlord trade group.Still, Torres estimated that a third of property managers in Dreamy Draw had abandoned lenient policies this year that allowed tenants to sign promissory notes, giving them more time to pay off owed rent.
Victor Soni
Home Depot Perks
24 October 2024 | 18 replies
I called they only to find out that its the phone number to the National Real Estate Investors Association.
Ryan Cleary
$4,500 for 5 Zillow Leads....
28 October 2024 | 23 replies
This approach works well for wholesalers who sell deals to flippers, and flippers or realtors can benefit even more by taking the extra step to generate their own off-market leads.No one said methods like cold calling, direct mail, or Facebook/Google ads won’t help a realtor find off-market opportunities.Just a friendly thought, especially given the high costs associated with Zillow leads.
Archie Barrett
How lenders typically calculate DTI
24 October 2024 | 16 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).
Doronda Placide
New to the industry
23 October 2024 | 12 replies
@Doronda PlacideJoin local real estate investor associations in your area and check Facebook for local meet-ups so you can network with investor-friendly agents or even wholesalers in your market that find deals
Ignatius Okeke
Tools for finding off Market Deals
25 October 2024 | 9 replies
This probably sounds a little like wholesaling or being a Realtor, and it is.If you don't want to spend $1,000's to build this out and take on the associated tasks, there are other, more cost effective, options.I'd recommend looking for potential deals via free (or low-cost sources) i.e. local meetups/networking, Courts (probate & lis pendens lists), Realtors, Wholesalers, properties for sale online (especially those with 90+ days on market), etc.All the best!
Brett Jurgens
Zillow ads climate risk insights, but too many people are ignoring the data
6 November 2024 | 54 replies
In the short term until the technology improves an investor climate risk will be the insurance costs associated with owning real estate.
William Coet
Why Does the Big-Money Invest In Landlord Unfriendly Cities?
30 October 2024 | 35 replies
Bielinski, TimOBrien, Stepping Stone, Korndorfer, Kaerek, Harbor Homes, Demlang .. check out the Metropolitan Home Builders Association.
Raymond Keith Whittington
Rookie just starting out
22 October 2024 | 16 replies
A great way to start is by attending RE events and joining a local investors association.