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Results (10,000+)
William Sharp Vacant House with no next to kin
7 May 2024 | 2 replies
You would have to wait for one of those events to happen, then jump in with the masses to fight for the winning bid. 
Dipika Mulchandani STR near Yosemite
7 May 2024 | 8 replies
Hey @Dipika Mulchandani, I don't have a dog in this fight, but there is a constant stream of articles about lack of LTRs in that area.
Monica C. Real life syndication feedback? From investors and syndicators
7 May 2024 | 21 replies
I was told that offerings that we see on sites like fundrise may be inexperienced or not the best syndicators that may prey on inexperienced investors who don't have the ability to participate in syndications because of a lack of substantial capital and that capable syndication operators would not resort to posting on sites like that because they have a group of investors that trust them and they don't have to share a fee to the site.
Edwin Watson Latest Property Management Software?
6 May 2024 | 8 replies
The other softwares were good for property management but both lacked accounting or bookkeeping capabilities.
Henry Hsieh Out of state investing
7 May 2024 | 19 replies
NARPM actually has people at the state capitol as well as in DC fighting for your rights not the tenants rights.
Account Closed Found Deals Off Market - Here's How
6 May 2024 | 62 replies
First, instead of fighting over deals like there's a limited supply, why don't we all create our own "abundance mentalities" - because no one on this thread has the infrastructure to handle EVERY possible deal:)Secondly, I find it odd that agents are fighting against "off market" sales, but could care less that at least two-thirds of rental transactions are technically "off market" or "off-MLS" (no agents involved).Yet, every agent licensing course covers the handling of rental leases.Guessing that agents only get wound about this topic if a certain number of zero's are involved?
Greg Strunak Puppy mill/ aggressive dogs
5 May 2024 | 8 replies
He has 30 plus dogs that fight all day long and bark all day.
Matt Randall Question about investing with a DSCR Loan
6 May 2024 | 9 replies
Underwriting items for DSCR loans include appraisal, credit report, liquidity verification, borrowing entity documents, landlord insurance verification, and whereapplicable lease, verification of rent and security deposit receipt, and property management agreement.DSCR lenders should never ask you for tax returns, W-2 income, pay stubs, or company financial statements.A good DSCR lender can fund your DSCR loan in under 30 days.Pro Number 2: Loan StructureDSCR loans are generally structured as thirty year term, fixed rate and fully amortizing, with LTV up to 80%.To increase cash flow and boost DSCR to qualify for a higher LTV, you can even structure with a five or ten year interest-only period where principal payments are made over the remaining portion of the 30 year term.Most DSCR lenders can fund your loan with DSCR as low as 1.0, though 1.1 is where you will find the best terms.A few DSCR lenders specialize in no and low seasoning cash out refi for rental property investors who use the BRRR strategy.Compare this to traditional banks which generally offer lower LTV, shorter term, higher DSCR requirement, and 6 months of seasoning.Pro Number 3: ReliabilityDSCR loans are a growing component of the multi trillion dollar institutional credit market.While DSCR loan origination volume is growing fast, it struggles to satisfy the demand from institutional investors such as insurance companies, pension funds and credit funds that buy DSCR loans.For this reason, as long as DSCR loan program guidelines for subject property and borrower are met, there is a very high probability that your loan will be fundedwithout delay.Compare this to banks which may subject you to months of underwriting before ultimately rejecting your loan application for reasons unrelated to your application.Con Number 1: Strict GuidelinesThe largest and healthiest part of the DSCR loan industry is 1 to 4 unit residential investment properties in non rural markets where the As Is value and the purchase price is one hundred thousand dollars or higher, and the guarantor's credit score is 680 or higher.If an element of your transaction does not fall within program guidelines, your loan will either be declined or require an exception which can cause delay.DSCR loan program guidelines are constantly evolving to adapt to the demands of borrowers and institutional investors, and to respond to market and risk.A good DSCR lender will knowledgeably and transparently communicate program guidelines, proactively communicate to identify potential issues, and set expectations in a clear and thoughtful manner.Con Number 2: ShenanigansThe DSCR loan industry is fast growing and loosely regulated, attracting loan brokers, private lenders and salesmen who are not knowledgable about program guidelines, not expert in structuring your loan to meet your specific goals, not capable of closing your loan in a timely manner, and not truthful or transparent about loan terms.Con Number 3: Higher interest ratesGiven the demand for DSCR loans from institutional credit investors, the credit spread or risk premium has decreased, making DSCR loan interest rates from the most competitive DSCR lenders nearly the same as bank loans and conventional investment property loans.We should include an asterisk on this con because it is not always true and may not be true in the future.
Robert Leitner Maintenance and issue tracking
5 May 2024 | 5 replies
You can find incredible spreadsheets capable of tracking up to 20 properties for under $10.
Jimmy Humphrey Over Leveraged?
10 May 2024 | 116 replies
I have just seen too many great borrowers default when things in their life change, they then higher an attorney and fight like crazy to delay the lender from foreclosing!