
28 March 2024 | 13 replies
i don't do/invest in residential real estate but perhaps it would be possible to learn SFR by getting job in property management, also get RE agent license, then once you have learned a fair bit, form a syndication with yourself as GP, get your college friends, their families, and anyone you know to invest as limited partners, then buy a rental house for cash, and you take 20-25% equity and provide the property management for a % of the rent, whatever is industry standard.

27 March 2024 | 7 replies
There are a lot of individuals and funds that do.

28 March 2024 | 20 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.

26 March 2024 | 28 replies
BP is home of the worst investor friendly agents.

28 March 2024 | 10 replies
How do you evict individuals if lease is with the organizationIf you choose to move forward, well above market rate would be my preference to compensate you for the risk.

27 March 2024 | 43 replies
We didn't take individual investor calls.

26 March 2024 | 2 replies
Hi Laura, I have done a few deals with family and friends, and the Most important piece to this deal is ensuring that whichever direction you move in is clearly explained to all parties, written down on paper (preferrably with an attorney) and signed off on by all parties.

27 March 2024 | 5 replies
In order to create rental revenue that can cover living expenses and provide positive cash flow, it entails buying a single-family home and renting out the individual rooms.

28 March 2024 | 4 replies
I've always purchased and I have always been told by family and friends "it's always better to purchase"...buying builds wealth...I just did it without question. 3 homes bought and sold later and I'm scratching my head because I've always sold my homes for way more than I bought but still never seem to come out better.Thank goodness I also put money into investments.

28 March 2024 | 7 replies
(Appreciation is a better friend than cash flow in the long run.)