Kelsey P.
Favorite YouTube channel to learn how to rehab
14 January 2020 | 6 replies
(Actionable lessons, how-to's)Scott Brown Carpentry (Enjoyable content, Great production value, how-to's)Paint Life TV (Actionable lessons, how-to's)Bonus: Tarl Yarber is doing some great work putting rehab videos out on @BiggerPockets .com youtube channel as well but they are few and far between for now. investorgirlbritt on instagram has some great content and I think is working with BP but only one youtube video up for now on her account (Brittany Arnason).
David H.
What would you do? Sell or Hold?
15 January 2020 | 38 replies
Although, I should hit ‘em up since I’m constantly raving about their product.
Justin A.
cash out refi when BRRRR-ing
12 January 2020 | 6 replies
Thank YouHi Justin, commercial lenders will be looking for the following but subject to lender and product-specific: (There are niche lenders)Investor Only - loans to Individual, LLC, Corp and Limited partnershipAppraisal of propertyUS or perm resident (some will lend to foreign nationals at 65% LTV and higher rates)3 mos PITIA and closing costs (some will use loan proceeds for this if within LTV thresholds) 3 mo bank statement for proof30-day ownership seasoning on refinancing (some 30 days to 90 days)No tax returns, DTI calculations or income qualification (most)LTVs up to 80% (some sweet spot is 75% for cash out)DSCR 1.0 -<1.3 (some will look at this but some won't sweet spot is 1.2)Credit 650+ (credit will impact rate and LTV)Min Property Value $75K (Higher min in certain areas)Lease or unleased (must be rent ready .. rate may vary)Min Loan Amount (lender specific rates will vary on amount)5/1 ARM, 7/1 ARM, and 30-yr fixed-rate structuresNo sourcing or seasoning of funds (some will ask for 30-60 days seasoning)Must own primary home (lender specific some do some don't)
Ahmed Youssef
Turnkey is asking to ignore the appraisal value
13 January 2020 | 64 replies
As another mentioned, you pay for convenience, that’s the turnkey’s product.
Arty Fresh
question about a business
10 January 2020 | 1 reply
I have a question about this quote that rich dad poor dad, Robert Kiyosaki stresses on, ""One method that really helped me enhance my control in making money came from creating a corporation.
Arty Fresh
question related to corporation
16 January 2020 | 4 replies
I have a question about this quote that rich dad poor dad, Robert Kiyosaki stresses on, ""One method that really helped me enhance my control in making money came from creating a corporation.
Zack Thiesen
Lending vs Income Doc Scenario with BRRRR Method
12 January 2020 | 5 replies
Thanks @Kerry BairdHey @Zack ThiesenYes, as crazy as it sounds, there are numerous products out there for the self employed investor that don't require tax returns.
Joseph Stewart
Gas station / convenience store / liquor store due diligence
11 January 2020 | 3 replies
For example, buy a case of product under Company B's books, but sell it through Company A.
Joshua Edwards
$20 Background and Credit Check Fee Question
12 January 2020 | 3 replies
You cant so much for $20 bucks these days.A lot of things he does seem capricious and without research (for example, his proposed "7-round mag" for rifles-expecting the entire industry to alter their products just for him).
Leora Merrell
Bed configurations in bedrooms
12 January 2020 | 13 replies
More like a cabinet rather than a full wall mount:https://futonland.com/product/...