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Results (10,000+)
Sherrie Hartz Trouble opening up Auction.com email attachments?
24 April 2024 | 0 replies
Title company's email had included a notice stating image was removed by Mimecast. 
David Griffin Local Credit Unions and conventional lenders
24 April 2024 | 3 replies
Banks and CU have something called "High Cost" rules which means a mortgage under $75K generally is not large enough to include or finance their hard costs plus fee's.Some DSCR lenders offer a $75K minimum after down payment but rates are usually above 9.75% even with good credit and carry a 2-3 year prepayment penalty. 
Inga Davis Looking for private money lenders/refinance seasoning period
25 April 2024 | 15 replies
This criteria is for 1-4 and 5-8 unit programs.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.
Ralph Noyes Breaking Rental Lease to Move into Duplex House Hack
24 April 2024 | 0 replies
Can you shine some light on what exactly this may include
George Baal First time, HELOC for capital?
24 April 2024 | 3 replies
Be sure when you are mathing out your next purchase, you include the cost of the HELOC. 
Christina B. Cleaning Costs (Actual vs. Listed)- Tax liabilities?
22 April 2024 | 7 replies
Having reviewed what's previously been discussed on this forum regarding whether people list what their actual cleaning cost is vs. a reduced (or in some cases inflated) price, can anyone share if there is a tax liability with this I'm unaware of?
Autumn Brooke Lawn Maintenance Liability Situation
24 April 2024 | 10 replies
I would price 2 of the rents as including lawn-care and offer the discounted 3rd rent to the one tenant who will be responsible for taking care of the lawn.
Adnan M. Insurance Advice Michigan
24 April 2024 | 5 replies
Hi all, I own 2 investment properties in Westland, MI and have a total of 6 insurance policies including my home and auto.
Troy Parker Can Renovations Reduce Insurance Costs?
20 April 2024 | 1 reply
Hello BiggerPockets community,As a first-time homeowner in Florida, I've encountered some unique challenges, including the need to pay for an insurance policy upfront for a year in escrow due to the home's initial condition.
Vincent Berggren Aspiring Real Estate Investor
24 April 2024 | 15 replies
I am always down to talk about real estate investing in Columbus, Ohio.I can share insights on investing on both single and multifamily properties, including out-of-state investing.