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27 March 2024 | 4 replies
@Bryce Henson my understanding after dealing with reverse mortgages is that the reason it’s listed too high is likely there are rules in place for selling them, there’s a determination of list price from the lender,must be listed at that level for a certain time, then they’ll re-analyze and potentially drop it if it doesn’t sell in that time frame.
25 March 2024 | 1 reply
How do you assess and mitigate risks in your investment portfolio?
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25 March 2024 | 0 replies
The expedition into these territories, however, mandates a vigilant approach towards risk assessment and a deep-seated understanding of the geopolitical landscapes that may sway trade relationships and market equilibriums.Empowered by Knowledge-Driven Decision MakingNow, more than ever, the essence of informed decision-making cannot be overstated in its role as the bedrock of investment success.
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28 March 2024 | 20 replies
Commonly, these proceeds are used for further real estate investment or costs related to the borrower’s real estate business and strictly can‘t be used for personal uses, such as paying off personal credit cards or any nonbusiness expense.DSCR loans are “primarily based on the property,” meaning that the lender evaluates and qualifies the deal mostly but not completely based on the property’s investment potential.
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27 March 2024 | 12 replies
The more equity you have when you are ready to retire, the more cashflow it will turn into.So you can optimize for two things: higher priced properties with a bigger potential to appreciate (find the sweet spot, don't go too high) and harness more tenants with higher income to pay higher rents (= higher monthly paydown).When you start thinking this way, you quickly realize that today's cashflow is not that important as long term equity.
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27 March 2024 | 1 reply
I'm looking into the idea of potentially becoming a real estate investment sales agent after college.
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25 March 2024 | 8 replies
if you're going to make a major purchase like this it has to be worth going there in person, potentially multiple times; setting up a team; looking at properties in person; etc.here's some good reading about what to expect.https://www.biggerpockets.com/forums/48/topics/1159104-overl...https://www.biggerpockets.com/forums/12/topics/1171104-the-m...
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28 March 2024 | 11 replies
Don’t JUST use AirDNA’s “Rentalizer” tool to analyze a property’s income potential.
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26 March 2024 | 9 replies
While you may be able to get away with not informing the county about the change in residency status, most of the legal residence application processes in SC counties to change your assessment ratio from 6% to 4% will require you to disclose if you currently claim this status elsewhere.
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27 March 2024 | 22 replies
I went to all of the owners and was clear and honest with them about their current returns, expenses, ROI and potential future returns, every single one of them transitioned out of that investment class.