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12 March 2024 | 12 replies
alot of my friends do super well with mid term by hospitals in ohio. would be glad to connect you to them.
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12 March 2024 | 3 replies
After these sacrifices you'll start to provide VALUE to other people (investors, friends, family).
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11 March 2024 | 15 replies
Hey Nick,Are you holding your duplex as individuals/sole prop or within an entity?
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11 March 2024 | 40 replies
If a property is in an LLC you are almost guaranteed to pull names and numbers of people not associated with the building at all, maybe even tenants, which will also auto-populate the owner names and change them at will with these incorrect contacts....can be a pain to undue.Overall in my opinion, can be great for individual skip tracing to reference other data, not so much for a large batch and sole reliance.
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12 March 2024 | 5 replies
Do you have a family member or friend who's achieved what you want to achieve?
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12 March 2024 | 40 replies
It is the tech hub where house prices are soaring. 1% rule other areas are possible but not in strong appreciating markets. disagree there are 1% deals on the market right now my friend in Columbus Ohio.
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12 March 2024 | 9 replies
Renovations are mostly done ourselves with the help of a contractor friend and electricians/plumbers when needed.
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11 March 2024 | 3 replies
Here are some of the types of “wanna be” investors who never seem to be able to “pull the trigger:”The Organizer – This individual can’t seem to ever get fully organized - and until they do they can’t possibly make a purchase transaction.
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11 March 2024 | 2 replies
@Andrew MaturaIf you havent had any luck yet, you can reach out to investor-friendly agents on BP who may have recommendations.
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11 March 2024 | 22 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.