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8 May 2024 | 7 replies
@Zander Kempf I just finished creating our starter course because there are good options out there that aren’t about institutional planning and development.
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6 May 2024 | 5 replies
It is found here: https://docs.google.com/spreadsheets/d/1EMfiBygtsfhWk7zm8bKc...The property is here: 217 NW 14th St, Pompano Beach, FL 33060 | MLS #F10434086 | ZillowI sources the property and got comps from Mashvisor, which estimated that rent would be $6258/mo w/ 93% occupancy rate.
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7 May 2024 | 6 replies
Know how to invest in different strategies, markets, financing options, and types of property from reading, podcasts, and forums, such as BiggerPockets.
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8 May 2024 | 5 replies
That may be an alternative option for me, it isn't an immediately turn around to try and get my money back but maybe in 12 months.
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7 May 2024 | 9 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 = 1.23There are 30 year fixed terms and other options such as 40 year with 10 year interest only converting to a 30 year fully amortizing loan.
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6 May 2024 | 65 replies
The 10 doors are also not appreciating because they were turnkey and the 1 door is in a vacation area and appreciating.You should be hunting assets because strong assets give you multiple options.
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7 May 2024 | 9 replies
He's saying 7.5% with 3pts or 8.125% with 2pts (30 year fixed) with no Zero or 1-point options.
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7 May 2024 | 10 replies
@Tony FerreiraYou have good options based on the limited amount I could gather based on your post.Shot you a DM, please feel free to follow up if you'd like!
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7 May 2024 | 9 replies
Building on what he said, if you are having trouble tapping in, and want to explore other options to maximize return, please feel free to reach out.