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9 December 2024 | 98 replies
This makes it difficult to commit the kind of fraud that we often see with credit cards, in which people make a purchase and then contact the credit card company to make a chargeback, effectively reversing the transaction.My comments: I'm a consumer.
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6 December 2024 | 45 replies
This ultimately why the $100k midwest single family homes are frequently discussed in these forums.....its what many are able to afford to buy.
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2 December 2024 | 33 replies
It meant more frequent turn overs (cycling tenants every 2-ish years versus 4-5 in my nicer properties), which came with turnover costs.
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3 December 2024 | 10 replies
Cash flowing at 5% down was possible about 3 years ago—but that ship may have since sailed.Now, you’re left with two options: you can either pony up more cash per deal, or you can potentially look out of state for markets with more favorable rent-to-price ratios.Or…you can wait for rates to decline, but I don’t know how much a 100 or 150 basis point rate cut in the next year will really move the needle.That said, some firms (usually new construction companies, turnkey providers, etc.) will enter into forward commitments with lenders at institutional rates and then pass cost interest rate savings onto end buyers to entice them to purchase a property.
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2 December 2024 | 5 replies
Commit to paying off ALL debt3.
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9 December 2024 | 38 replies
I put almost everything on our cards and pay off a minimum of twice a month, usually more frequently since you don’t know exactly when the info will be pulled by the credit bureaus.
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3 December 2024 | 22 replies
Like you mentioned, frequent crashes, problems uploading photos, weird restrictions on what words can't be used, listings removed for no obvious reason. ....and, to me, the navigation/operation is very unintuitive and cumbersome.
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1 December 2024 | 32 replies
Like @Nicholas L. said, maybe look within a reasonable driving distance from where you live, is there any city or state where you have family or friends that live there where you could travel to frequently and they could keep on the property for you or somewhere you visit a lot.
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3 December 2024 | 15 replies
https://www.biggerpockets.com/...12 Frequently Asked Questions (And Answers) About DSCR Loanshttps://www.biggerpockets.com/...8 More Commonly Asked Questions and Answers to DSCR Loanshttps://www.biggerpockets.com/blog/eight-questions-and-answe...What Documents Do You Need for a DSCR Loan?
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23 November 2024 | 9 replies
Every system you try will have flaws, or you may salivate over a feature that appears in other software.Some familiar names are mentioned frequently: Stessa, Apartments.com, RentRedi, TenantCloud, Innago, RentManager, Avail, Rentec Direct, Doorloop, etc.I recommend conducting thorough research on each app online to understand their offerings, pricing, etc.