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12 December 2024 | 6 replies
So, you, as an individual, may not get to the same rate that a MASSIVE national builder can...but you can certainly offer credits to the buyers to help buy down the rates.
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15 December 2024 | 14 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 = 1.23DSCR lenders generally let you vest either individually or as an LLC.
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15 December 2024 | 7 replies
Gray area interpretation up to individual courts which have rendered seemingly contradictory decisions.
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17 December 2024 | 14 replies
When they get that commission check That's the benefit of working within a group that is QB'd by a single individual cause any new member gets the benefits already mined by the group.Financing Options: What types of loans or funding sources work best when scaling quickly?
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11 December 2024 | 12 replies
Its my understanding that the individuals are responsible for all the legalities, contracts ect to make it safe not to get ripped off.
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15 December 2024 | 10 replies
Requiring the homeowner to replace the pipe individually would seem like a huge octopus of inspections and enforcements and etc.
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12 December 2024 | 2 replies
., contracts, blueprints, reports, scanned records, etc.) while managing access permissions for teams and individuals.2.
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10 December 2024 | 26 replies
Money can help free you some to work on your life's purpose and amplify what you believe in and help make you more fulfilled on a daily basis but doesn't solve everything.
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5 December 2024 | 4 replies
Five years in, we’re at 350+ units, and while it’s not an easy journey, it’s one of the most fulfilling ones.
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9 December 2024 | 10 replies
I’m now venturing into new opportunities to expand my expertise and grow my portfolio.I joined BiggerPockets to connect with like-minded individuals, share insights, and learn from the incredible wealth of knowledge this community offers.