Paul Novak
Property Management Software
18 November 2024 | 4 replies
It enables me to market properties effectively while also managing application screenings, processing monthly payments, and accepting maintenance work orders.
Nicholas Cavato
FHA vs Conventional with LLC involved
23 November 2024 | 15 replies
There's a nexus of factors tied to the LLC lending question worth noting.Typically we use a specific type of private business-purpose note that enables LLC lending.Other benefits of this note include: No Income Verification, No Credit Reporting, LLC Liability and Privacy protection, Unlimited Number of Loans, Far Less Documentation,... many obvious and non-obvious reasons savvy investors run this route.These notes are also competitive with FHA/VA/Conventional interest rates; however a 15-20% minimum down payment is required.Happy to help you cover the bases.
Eugene Lubman
Selling to a family member (or transferring to a trust?)
19 November 2024 | 5 replies
@Eugene Lubman Selling the property to your parents allows them to generate passive income while enabling you to perform a 1031 exchange to defer capital gains taxes.
Val Berechet
Is it still a good idea to invest in Tulum, Mexico?
11 December 2024 | 101 replies
After a long search, I found the right trustworthy Mexican partner/builder which has allowed me to work on doing my own condo developments to enable to give a better deal to the buyers, including people who contacted me on BP and couldn't find something that suit their needs.
Philip Jones
Refi LENDERS in BRRRR
18 November 2024 | 16 replies
Hi @Philip Jones,For the refinance aspect, the main factors will be the FICO Score, cash flow of the property, and as-is value.A Higher FICO will let you get a larger loan size and lower interest rate.Good Cash Flow will ensure that your property will be profitable for you and enable you to get the max loan size that your FICO allows for.The As-is Value will play an important role in making sure that you meet the minimum requirement for a DSCR loan of 100k, but also in making sure that the rehab work that has been done provided significant value add.
Blaise Peterson
Career advice for my daughter
11 November 2024 | 14 replies
But, if she were to transition to a job in the RE sector, she would develop a skillset that would enable her to take this much further and in her own direction.I have a couple reasons for posting this topic: the main one is that I think this is a good topic for discussion in the BP forums.
Steven Greenwalt
Gator Lending? Why? 🐊
20 November 2024 | 31 replies
Reality: In the beginning, most people need help to start growing their funds. he enables this through his network, teaching and creative options to access OPM.
Mitchell Coles
Prime Center City Gem: High-Yield Investment on Locust Street
10 November 2024 | 0 replies
This strategy enabled me to close quickly and secure the property before it went on the open market, while also allowing flexibility for renovations and maximizing overall investment potential.
Garrett Kroll
4.99 Rating for 1K+ Reviews: Guest Experience Tips You Can Use At Your STR!
11 November 2024 | 16 replies
High pay enabled us to hold our team to higher standards, while also giving us the flexibility to make quick changes if needed (we have several cleaners eager to work with us).
Chi Sastry
Sub-To mentorship/education or mastermind options...
12 November 2024 | 11 replies
The sale of the property itself is a violation of the terms of the mortgage or deed of trust enabling the lender to accelerate the note.