Joel Betances
First time landlording help
30 January 2025 | 4 replies
The majority have evictions on their record, don't make enough income or have a lot of debt under their name.Comparing other rentals on Zillow, my asking rent is $1100 while other properties are trying to rent at $1200.
Darien Hernandez
Private Lenders: What Returns Do You Expect on 1st Lien Owner-Financed Deals?
16 January 2025 | 5 replies
It kind of depends on the type of properties you're looking for funding on.
Donyea Jenkins
DSCR Loan Question
30 January 2025 | 14 replies
This is what makes the hard money to DSCR combo a great one-two punch for the BRRRR Strategy.
C.S. Bryson
Looking for advice on my first investment
16 January 2025 | 0 replies
Remaining Balance: After the balloon payment, the remaining loan balance will be re-amortized over 5 years (60 months) at the same 6.5% interest rate.Payment TermsInitial Loan Terms (First 24 Months):The monthly payment for the first 24 months is based on a 12-year amortization schedule:Monthly Payment for First 24 Months: $1,573.39Remaining Balance at Month 24 (Prior to Balloon Payment):The balance after 24 months can be calculated using the amortization formula:Remaining Balance at Month 24: $157,113.92Balloon Payment:The balloon payment will be 50% of the remaining balance at Month 24:Balloon Payment Due at Month 24: $78,556.96Re-Amortization of Remaining Balance (After Balloon Payment):The remaining balance after the balloon payment will be:This amount will be re-amortized over 5 years (60 months) at the same 6.5% interest rate.Monthly Payment for Final 60 Months: $1,541.18Summary of Key Terms:• Purchase Price: $215,000• Down Payment: $43,000• Loan Amount: $172,000• Interest Rate: 6.5% (fixed)Initial Terms (First 24 Months):• Monthly Payment: $1,573.39• Balloon Payment Due at Month 24: $78,556.96Re-Amortized Terms (Final 60 Months):• Remaining Balance: $78,556.96• Monthly Payment: $1,541.18Additional Conditions:1.
Laureano Perez
PRO MEMBERSHIP DISCOUNT CODE
26 January 2025 | 46 replies
i’m looking for one as well if anyone has one.
Carsyn Childress
Are wholesalers using BiggerPockets?
29 January 2025 | 18 replies
Quote from @Michael Dumler: @Carsyn Childress, I can't speak on behalf of your market, but whenever I attend an REI meet-up in my respective market, I always connect with at least one or two wholesalers.
Jonathan Abrado
Pace Morby Gator Method Course Review
25 January 2025 | 155 replies
There is transactional funding that can work and we do that as well doing one on Monday but again its much larger dollars and you get your fee in 24 to 48 hours with little to no risk.
Matthew Samson
Primary Residence Sale -- $1.65mm appreciation -- How to Minimize Capital Gains?
30 January 2025 | 24 replies
The primary residence exclusion is $250k per person on title.
Francisco Javier Villanueva
Meet ups in colorado springs colorado
31 January 2025 | 4 replies
The 2 best ones I know of are:- House Hacker Mafia (https://www.meetup.com/house-hacker-mafia-real-estate-invest...)- Colorado Springs REIA (https://www.meetup.com/colorado-springs-real-estate-investor...)Hope to see you at one of them!