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Results (10,000+)
Christopher "Bear" DeSanctis DSCR Ratio - how is NOI estimated
2 August 2024 | 10 replies
So for example, a 761 credit score will be in the 760-779 credit category, then going down to 740-759 and so on.2.
Lucas Schlund For Those Of You That Have Done Multiple BRRRR's, How Did You Finance It?
1 August 2024 | 8 replies
We then spent around $30,000 out of pocket on renovations, including repairing the roof, upgrading the electric panel, installing new HVAC, and putting in a new kitchen.After completing the work, we refinanced with LendingOne using a 30-year fixed-rate DSCR product at around 7%, which resulted in a net cash-out of approximately $15,000.A couple of things to note:I'm out of pocket on this property for around $40,000 ($25k down, $30k rehab, minus $15k recaptured).I'm thrilled with this amount since it's far less than our "normal" 25% down strategy would require based on the higher value.The property appraised for $330,000 after the renovations.The key point for me is that this property is now netting around $800/month in cash flow.
Kevin McDonald ceiling fans in rental?
2 August 2024 | 10 replies
I agree and follow the same approach as @Thomas Williamson by only having them in the living room and master bedroom.Unless you have tons of properties, then I don't think you will have too many issues.
Jack Hamm What strategies do you use to look for comps?
2 August 2024 | 3 replies
Then plug that address into the platform/software you use to pull up additional comps for similar properties.Realtor.com and redfin have a ton of free data as well.
Sam Holtzen Help me analyze this deal!
2 August 2024 | 4 replies
The idea is that you buy a distressed property, DRASTICALLY increase the value with a rehab and then refinance out all your money if not more and keep it as a rental.
Ralph E. Has anyone ever made any money by partnering with Charter Financial?
1 August 2024 | 22 replies
They can earn far more from the note transaction then the training.
Angela F. New Journey- Help!
1 August 2024 | 16 replies
Then, you need to interview those referrals.
Martin Yates Refinancing an inherited house
2 August 2024 | 10 replies
(I think)Talked to some title companies and they say i can feed it to my wife, then do a cash out and pay the other heir.
Jason Jacob Inheritance of properties
2 August 2024 | 19 replies
We need to pay taxes first then get the properties
Gary Baker Virtual FAX services
2 August 2024 | 19 replies
When I run a full time biz from home again then I will do it again.