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Results (10,000+)
Karina Busch How to get fixed rate loans on investment properties?!
2 December 2024 | 21 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).
Eli Ling my apartment below, has a leak on the ceiling but
29 November 2024 | 18 replies
These have two very different next steps.If it is a condo, you need to check your condo docs and see where the unit ends and what is common area. if its a leak in a pipe in a wall that is typically common owner and the condo association should take care of it.
Richard Nguyen Experiences with SDIRA
29 November 2024 | 9 replies
Note, even though you may have a per-transaction fee or unlimited transactions, it looks like pretty much each transaction will still have some additional associated fees for things such as AHC/wire or expediting docs, but they seem reasonable.When I was setting mine up, I was told that the flat fee isn't charged until your first transaction. 
Dean Gullo New Real Estate Investor Southington, CT
27 November 2024 | 6 replies
@Dean GulloTo build connections in Southington and surrounding areas, join local real estate meetups, connect through BiggerPockets forums, get involved with local landlord associations, reach out to real estate professionals, attend town or community events, and expand your team.
Jeff S. Beneficial Ownership Information Reporting (BOIR)
26 November 2024 | 3 replies
There is also a short video on this website on how to file.We are sending you this information to make you aware of these new reporting requirements and the associated risks of not filing.Let us know if you have any questions.
Patricia Via should I manage alone or property manager?
2 December 2024 | 13 replies
It takes a lot of time for PMs to build relationships with trusted and licensed vendors in their network.All of this requires time and has overhead costs associated to it (employees).
Dan Zambrano My Journey to $20M in assets
7 December 2024 | 60 replies
Thats my strategy there ( by way of sqqq calls), basically selling all of my longterm portfolio and building up a war chest of 🤑 to go pick up options that I have a high degree of certainty will make some big gains (thanks to the inside scoop from youtuber meetkevin, I am a course member so I get his trading alerts.)I am sure that was probably a few more paragraphs then you would have wanted haha but yeah hope that helps and feel free to check back in i will be honest about wins and losses.I am really most excited to dig into Kai Andrews' course.Cheers folks! 
Roger Mace Should you refinance a DSCR?
27 November 2024 | 11 replies
Evaluate New Loan Terms: Look at the potential new loan terms, including interest rates, repayment schedules, and any fees associated with the new loan.
Kareem Daniels New Member Introduction
27 November 2024 | 7 replies
@Kareem DanielsJoin a local real estate investors association and network to find a mentor. 
Anthony Dupre Seeking Advice on Asset Protection for Out-of-State Real Estate Investments
26 November 2024 | 17 replies
Hey @Anthony Dupre, whatever you decide for your entity structure, ensure it's simple enough for you to easily abide by the structure in your day-to-day operations.We've had bookkeeping clients with complicated structures that apparently protected them to the maximum degree but they didn't abide by the structure when conducting transactions in their business daily (lots of unintentional commingling).