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23 October 2024 | 8 replies
I want to buy it as a long term play.
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1 November 2024 | 9 replies
It takes a lot of time.Do you think a NFL quarterback learns everything over a weekend when they are just getting started, and that is after they had been playing for 8 years at different levels.
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23 October 2024 | 6 replies
Happy to connect and discuss further if you'd like.Also, here is an article that explains how DSCRs come into play with BRRRRs: https://www.biggerpockets.com/blog/brrrr-loans-what-are-the-...
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29 October 2024 | 23 replies
It rents for $1950 and is more of an appreciation play because I like the area.
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29 October 2024 | 15 replies
I don't know if this is in play for you or not... but it could also help explain the significant jump in taxes if it applies.I would start off with a call the appraiser and discuss the situation.
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24 October 2024 | 16 replies
@Archie BarrettJust wanted to say that there are MANY reasons to consider a DSCR loan vs a conventional loan, not ONLY if you do not qualify for a conventional loan due to DTI.Possible DSCR Benefits:Can do cash out refi prior to 1 year seasoning of the mortgageCan do cash out refi with no seasoning of ownership (with some lenders)Can do a loan with much less paperwork (this comes more into play every time you add a property)Can close on a DSCR loan directly in your LLCCan have your DSCR loan not report on credit (depending on the lender)DSCR loans can be cheaper than conventional loans for many credit scores and down payments.
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24 October 2024 | 7 replies
You're absolutely right—the location plays a significant role in determining the best style for a fence.
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22 October 2024 | 4 replies
But you won't know until you take that first step.To use a basketball analogy, you're dreaming about playing for the NBA when you haven't even tried to play a pickup game at the Y.
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24 October 2024 | 7 replies
One thing you might want to consider is partnering with microsoft and adding a third party app to their office 365 suite of products as they have an accounting arm and many other applications already in play that you could add on just for property management and it would work on their system to integrate everything.
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28 October 2024 | 34 replies
Taxes won’t come into play until you sell.