Heather Watkins
State LLCs go in a WY holding LLC. How does the purchase process look from there?
17 August 2024 | 2 replies
@Heather Watkins I prefer to see the posts where the investor is merely contemplating taking the steps you've taken rather than instances where they have already spent unnecessary time and expense on entity formation because we as a BP community can at try to steer the investor in the right direction.
Gustavo Alvarez
DSCR Loan Prepayment Penalties
20 August 2024 | 40 replies
I’ll also add that there are some instances where just making additional payments to pay down principle could trigger the due in full clause.
Ruth Schrader-Grace
What is better when it comes to a loan for STR, MTR, 2nd home/vacation home?
16 August 2024 | 16 replies
Rate wise, you could get more favorable rates going DSCR than on a conventional loan in some instances.
Rahel Ketema
HVAC vs Mini split system
18 August 2024 | 28 replies
In most instances they aren't less costly but they do provide a solution for difficult installation challenges.
Account Closed
Vice President Harris Announces Economic Agenda
21 August 2024 | 182 replies
You are ignoring the point - every instance that you describe of how each country became communist covers a short period of time and ignores the history that preceded the takeover.
Julie Philpott
Observation and Wondering of Columbus Market
16 August 2024 | 8 replies
For instance, a three-bedroom, one-bathroom property listed at $1,450 has been available for 37 days (zip code 43205) or a two-bed, two-bathroom property listed at $1,900.
Daniel Dietz
Self Directed IRA - doing work on property yourself?
15 August 2024 | 21 replies
If you are a licensed contractor for instance and capable of major remodeling projects as your trade, this would be considered adding value to the property and would risk IRS action.Sounds like "improving" or "upgrading" the place is not allowed.
Noah Margate
Seeking Advice on Expanding My Real Estate Portfolio
16 August 2024 | 19 replies
For instance, markets with low property values and expenses are often ideal for cash-flowing long-term rentals, especially in areas where many residents are unable to purchase homes.
Jeff Siemers
Hello from Wisconsin
15 August 2024 | 8 replies
When you can buy properties like this, you can get almost 100% of your money out of the property, convert the property into a long term rental loan, with a DSCR Loan (Debt Service Coverage Ratio) where we as the lender look at the property and if it cash flows, and that is expressed as a ratio, for instance if your Total Loan payment including Principal, Interest, Taxes and Insurance was $1000/mo, then you would need a rent of $1200/mo and you would have a 1.2 DSCR Ratio.Here is an example of a cheap duplex https://www.zillow.com/homedetails/732-Broad-St-Menasha-WI-5...
James DuBois
Kris Krohn - Is This Mentor Full of it or Legit?
21 August 2024 | 94 replies
For instance I’m only 15 however my real estate journey is starting with my dads friend who is big in the business.