
2 July 2024 | 3 replies
There are some other strategies where you can collateralize equity with a portfolio loan or use a private lender, but typically these are better suited to portfolios of several properties.Charleston has a very active investor community - several meetups for different groups each month and active social media groups/pages.

1 July 2024 | 6 replies
There are many good lenders on BP that offer this product.

30 June 2024 | 5 replies
Typically this takes anywhere from 7-10 days dependent on the circumstances. 3.)

3 July 2024 | 1 reply
cost: 1,300/mrunway: 4 months = 6,800spread: 1900all in cash: 138,800Income a year: 22800/y ÷ all in cash = coccoc: 16.43%seller sees offer: 250,000sub-to 120,000sell fin: 500 w/ 0% intrest term: 13.33 yearsdown: 50,000

2 July 2024 | 7 replies
Good stuff - you are pretty spot on - technically people max out under conventional loans at 10 - but oftentimes its with fewer properties as people run into hurdles before hitting 10, some of which you mention - wanting to diversify strategies, multifamilies, needing LLCs etc.I think you are on the right track for DSCR Loans - I always say that DSCR is really perfect for people in the 5-50 property range - typically conventional is the best fit with your first few, and then when ready to make the "jump" to scaling bigger and faster - DSCR is the best bet.

3 July 2024 | 0 replies
Residential multifamily properties cater perfectly to this demand, offering flexibility and scalability in rental income.Lower Barrier to Entry: Compared to larger multifamily properties, acquiring a 2-4 unit property in San Antonio often requires less upfront capital and financing is more accessible.

3 July 2024 | 9 replies
For an investor that has several units, we typically create a additional column on Schedule E (assuming a personal tax return) called "General & Administrative".
2 July 2024 | 2 replies
Should we hold out for a better offer, or take a cash offer now?

3 July 2024 | 4 replies
Yea I feel you ultimately that is one of my goals as well but for right now I’m getting started in wholesaling and I’m looking into having a badass crm system I see that 80/20 have a lot to offer is just there price is expensive i have a zoom meeting with them next weekend if I like what they are talking and if I can afford it I will give them a try thanx for the feedback

2 July 2024 | 3 replies
Good morningWe have had an extenuating family circumstance and I need to cancel the sale of my property in Charlotte.This is a FSBO and I agreed to pay a portion of the buyers commission.I have already accepted an offer and recently notified the sellers agent of my intention.Am I legally able to cancel the sale?