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14 December 2024 | 7 replies
An example, a small down payment initially, but the note has now seasoned for 60 months with on time payments documented by a third party servicer.
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14 December 2024 | 2 replies
BiggerPockets is full of resources designed to help you along your journey, whether you are just getting started or a seasoned investor.
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12 December 2024 | 6 replies
@Marc Shin We're funding cash out refis for a lot of our most experience BRRRR clients right around day 91 (to pass 90 days of title seasoning) where we get the process started (appraisal, title, application, etc) around day 60 (plus or minus) when they have the place fully renovated and at least listed for rent (we'll use appraisers opinion of market rent to calculate DSCR).
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17 December 2024 | 4 replies
I'm particularly interested in:Finding Mentors: Connecting with seasoned investors who can offer guidance and insights.Networking with Professionals: Meeting real estate agents, lenders, contractors, and other professionals who can contribute to successful deals.Exploring Joint Venture Opportunities: Collaborating with other investors on potential projects.Learning About Local Market Trends: Gaining a deeper understanding of the real estate dynamics in these areas.I'm open to attending local real estate meetups or cash flow groups.
13 December 2024 | 15 replies
@Carter MayberryRefinancing your FHA loan into a commercial loan and transferring the property to your LLC is a solid strategy, but here are a few points to keep in mind:FHA typically requires a one-year ownership seasoning period before refinancing is permitted.
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15 December 2024 | 18 replies
Now, you're going to pay for that in much higher rates that you'll get in FHA or even Conventional loans, but if you're willing to bite the bullet on that to get started, then it's a great tool to use.
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13 December 2024 | 3 replies
I have a more educated wallet and that makes me feel real good.Whether you’re a seasoned investor or just starting out, these lessons could change the way someone approaches their next deal.
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10 December 2024 | 7 replies
If you want to get rid of it, you need to bite the bullet and take less than you thought you were going to get.
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13 December 2024 | 3 replies
BiggerPockets is full of resources designed to help you along your journey, whether you are just getting started or a seasoned investor.
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18 December 2024 | 26 replies
@Monica Gonzalez owners rarely track Days On Market (DOM) trends and seasonal impacts.