
4 April 2024 | 5 replies
When we offer lease extensions and the tenant decides to go m2m we include a premium of $50-$100.

4 April 2024 | 32 replies
Meaning I have the potential to keep all of that (not including appreciation or renovations).

4 April 2024 | 0 replies
Although it was in good condition, we earmarked some funds for further improvements, including repaving the driveway, installing a new privacy fence, and making select upgrades and repairs inside the units.One of the standout features of this property is its prime location near the vibrant downtown area of Bryan, with easy access to restaurants and shopping, which added considerable value to our investment thesis.Initially, our plan was to utilize the duplex for Airbnb rentals.

4 April 2024 | 42 replies
They claim rent includes washer and fridge working properly.

4 April 2024 | 8 replies
Almost everyone here on BP will tell you that they wish they had started earlier, myself included.4.

3 April 2024 | 0 replies
Understand factors like demand, supply, demographics, and economic trends.Diversification: Spread your investments across different types of properties, locations, and markets to reduce exposure to risk.Financial Analysis: Conduct comprehensive financial analysis, including assessing potential rental income, expenses, and cash flow projections.
3 April 2024 | 8 replies
If the transferor were a foreign taxpayer, and the Buyer or settlement officer, fail to withhold those funds, they could be held liable for the tax.FIRPTA withholding does include exceptions to the withholding rules.
3 April 2024 | 4 replies
The first project was relatively small - 8 units including 3 retail spaces.

3 April 2024 | 3 replies
Hi Forrest,Our office is in CA but we can do flip loans in most states including VT!

4 April 2024 | 8 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.