
20 July 2024 | 5 replies
Confused because DSCR by nature looks at the income the property is generating and not your personal income or credit I believe.

19 July 2024 | 5 replies
My husband and I have 5 rentals, we are not super experienced and just started buying some real estate in 2019.
19 July 2024 | 4 replies
From the lenders point of view, they want to see that you have "skin in the game" that way if you do run into any complications, you'd be more motivated to address them as you are invested financially in the project yourself.Regarding the tenants, I'm a bit less experienced in that regard.

19 July 2024 | 53 replies
They wouldnt do the deal because I don't own my primary residence.... seems odd to not lend on a 1.4 DSCR property700+ creditI've been a landlord for 6 yearsThis is my second BRRRRMake $100k per year.I dont own my own residence because I moved from Pa. to Fl. and am renting until I find an area to live more permanently.Luckily the asset and my personal finances were enough for other "asset based" lenders to do the deal, and Lending one lost out on future deals.

22 July 2024 | 7 replies
I didn't think too much about socials because I don't really use them, but I do want to make them for my business, because I'm new to this and have only been doing it for a week I mainly focused on doing a deal...But you are right I should start my business & personal presence on social platforms, especially after a few sellers asked about my business and where they can find me...Thank you for that great tip I'll make sure to do so!

20 July 2024 | 4 replies
Personally, I had both liability from my property and a large umbrella policy.

20 July 2024 | 3 replies
So then the house is 10% owned by The Person, and 90% owned by The LLC (income and expenses shared accordingly).Now this year say I want to take the same percentage (10%) - and say it's a flat market and the house is still appraised at $500,000.

23 July 2024 | 32 replies
I do not know them personally so can't really say anything good or bad.

19 July 2024 | 3 replies
Or being experienced enough.It seems like I’m never going to be fully able to analyze a property until I read about each step into detail.

20 July 2024 | 14 replies
Personally, I would look to buy that kind of property and house hack it - meaning you live in one unit and rent the other 3-4 units out.