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27 January 2025 | 7 replies
My recommendation is before chasing all these real estate deals is to go earn and save some money so when a good deal comes a long you can take action and move on it.
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14 February 2025 | 5 replies
@Luke Fruge you are in the right place to get started for sure!
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16 February 2025 | 11 replies
Quote from @Dawson Brewer: Here’s why I’ve started using novations over wholesaling.1.
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20 February 2025 | 1 reply
From there, you can start comparing markets based on profitability, demand, and distance.
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19 February 2025 | 3 replies
I recently started my own STR management company and I'm thinking about starting a referral partner program for real estate agents.
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14 January 2025 | 4 replies
It’s a smart move, especially since it ties in with your goal of saving for your first investment.For skills, you probably already have a good foundation with your sales experience—things like communication, organization, and dealing with clients are all super valuable.
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20 February 2025 | 3 replies
Start by giving them notice of what they are violating and then if it isn't remedied, start the eviction process.
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22 January 2025 | 14 replies
And its always been a 2 inch trigger to start , we start at 2 inches and continue thru out the storm .
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16 February 2025 | 3 replies
By Friday—just three days after closing—it was listed on the market with professional photos.Over the weekend, offers started rolling in.
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19 February 2025 | 14 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).