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24 October 2024 | 5 replies
If not, then 2 things come to mind:1) you should not give the impression you are associated with BiggerPockets.2) this is advertising/self-promotion that should be in the Classifieds...Thought I'd share that before a Moderator chimes in......My 2 cents,Mike
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28 October 2024 | 23 replies
This approach works well for wholesalers who sell deals to flippers, and flippers or realtors can benefit even more by taking the extra step to generate their own off-market leads.No one said methods like cold calling, direct mail, or Facebook/Google ads won’t help a realtor find off-market opportunities.Just a friendly thought, especially given the high costs associated with Zillow leads.
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25 October 2024 | 4 replies
@Tony Dinh Usually the LLPA associated with a 2-4 unit (vs.
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26 October 2024 | 50 replies
For the past 7 months of the property being on the market we only got 3 inquiries, 1 submitted questionnaire (which I guess is a survey before the application meant to vet renters, before they pay for application, is what I am told by management company).
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24 October 2024 | 9 replies
Check out REI Central, CHS Circle, and the Tri-County Investors Association.
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30 October 2024 | 35 replies
Bielinski, TimOBrien, Stepping Stone, Korndorfer, Kaerek, Harbor Homes, Demlang .. check out the Metropolitan Home Builders Association.
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24 October 2024 | 18 replies
I called they only to find out that its the phone number to the National Real Estate Investors Association.
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22 October 2024 | 1 reply
There were some costs involved for demolition, making an application and a survey coming in around $30,000.One of the best parts of this deal was the “return on time”.
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24 October 2024 | 16 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 = 1.23If a purchase, you also generally need reserves / savings to show you have 3-6 month payments of PITIA (principal / interest (mortgage payment), property taxes and insurance and HOA (if applicable).
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25 October 2024 | 9 replies
This probably sounds a little like wholesaling or being a Realtor, and it is.If you don't want to spend $1,000's to build this out and take on the associated tasks, there are other, more cost effective, options.I'd recommend looking for potential deals via free (or low-cost sources) i.e. local meetups/networking, Courts (probate & lis pendens lists), Realtors, Wholesalers, properties for sale online (especially those with 90+ days on market), etc.All the best!