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1 May 2024 | 8 replies
As a Direct Lender, (meaning the actual lender underwriting the loan and not a mortgage broker), DSCR program looks for good credit payment history, good credit scores, and validates your available accessible Cash for the Down Payment.
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29 April 2024 | 23 replies
On paper, the plan here is that you get some rent from Section 8 directly and some from the tenant.Are you still getting any rent from section 8 ?
26 April 2024 | 1 reply
Hi BP Community - does anyone have attorney recommendations that can assist (or prior personal experience) in Wyoming with self-directed IRA LLC formation?
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30 April 2024 | 25 replies
And whether you have a manager or self-manage, you will be WORKING on the property; either overseeing the manager or dealing with tenant calls, contractors, etc.
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30 April 2024 | 27 replies
They may still handle occasional sales, but only for their PM Clients or Tenants...not constantly and actively "farming" for sales leads.
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29 April 2024 | 13 replies
Self manage, save ~10%.
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1 May 2024 | 7 replies
The safest way to rent is through direct MLS listings on platforms like Redfin, Realtor.com, and similar sites.
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30 April 2024 | 2 replies
Here are some common financing options:Traditional Mortgage: Obtain financing from banks with a down payment, paying off over time with interest.Hard Money Loans: Short-term loans with higher interest rates, often from private investors, suitable for quick acquisitions or credit-challenged investors.Private Money Lenders: Individuals or groups offering direct loans, with terms negotiated privately.Seller Financing: Buyers make payments directly to sellers over an agreed period, with terms negotiated between parties.Home Equity Line of Credit (HELOC): Borrow against existing property equity with a revolving credit line, typically offering flexibility.Real Estate Crowdfunding: Pool funds with other investors via online platforms for various real estate projects, offering diverse investment opportunities.1031 Exchange: Defer capital gains taxes by reinvesting sale proceeds into similar properties within a specific timeframe, useful for tax optimization.REITs (Real Estate Investment Trusts): Invest indirectly in real estate through publicly traded companies, offering liquidity and diversification.Joint Ventures/Partnerships: Collaborate with other investors to share resources and risks, leveraging each other's strengths for larger projects.Subject To Financing: Buy a property subject to the existing mortgage that's in place on the property (doesn't get paid off when the property sells).Assumable Mortgage: Buy a property and assume the mortgage that the seller already has in place.Lease Option: Rent a property with the option to buy it prior to a later date.Debt Service Credit Ratio (DSCR): A loan approved based on the income potential of the propertyThese options cater to different investor needs, preferences, and financial situations, providing flexibility in real estate investment strategies.Thanks,
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30 April 2024 | 9 replies
However, I want to stress that fees and interest on deposits are very bad leading variables when picking a qualified intermediary.
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30 April 2024 | 21 replies
It'd be a win/win.Dream customer would be like heiress Liesel Matthews parents back in 1996 needing a nice place to stay while she's killing it as Sara Crewe in WB's A Little Princess (of course she had Alfonso Cuaròn directing (*swoon* my hero!!!)).