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17 December 2024 | 86 replies
In the last 35 years I have been to 100 Get Rich Quick seminars like you can find on Youtube videos and only a few times have they given the Newbie's the warning to, "never take the advice from someone who is not a Millionaire."
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15 December 2024 | 14 replies
I've included an example below to help illustrate this.So different lenders have different rates (which do vary even for DSCR loans) but these are factors they all consider.See example below:DSCR < 1Principal + Interest = $1,700Taxes = $350, Insurance = $100, Association Dues = $50Total PITIA = $2200Rent = $2000DSCR = Rent/PITIA = 2000/2200 = 0.91Since the DSCR is 0.91, we know the expenses are greater than the income of the property.DSCR >1Principal + Interest = $1,500Taxes = $250, Insurance = $100, Association Dues = $25Total PITIA = $1875 Rent = $2300DSCR = Rent/PITIA = 2300/1875 = 1.23DSCR lenders generally let you vest either individually or as an LLC.
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15 December 2024 | 7 replies
Gray area interpretation up to individual courts which have rendered seemingly contradictory decisions.
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17 December 2024 | 14 replies
When they get that commission check That's the benefit of working within a group that is QB'd by a single individual cause any new member gets the benefits already mined by the group.Financing Options: What types of loans or funding sources work best when scaling quickly?
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15 December 2024 | 10 replies
Requiring the homeowner to replace the pipe individually would seem like a huge octopus of inspections and enforcements and etc.
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11 December 2024 | 12 replies
Its my understanding that the individuals are responsible for all the legalities, contracts ect to make it safe not to get ripped off.
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12 December 2024 | 2 replies
., contracts, blueprints, reports, scanned records, etc.) while managing access permissions for teams and individuals.2.
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23 December 2024 | 34 replies
(systolic pressure rising so won't get into that)And many less experienced individual investors in SFRs don't do as well as others and "well" means what could you have done otherwise.
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8 December 2024 | 0 replies
Have I just discovered the secret to getting rich in real estate?
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10 December 2024 | 26 replies
Armando being the first one to really blow this up became VERY VERY rich..