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10 October 2024 | 7 replies
Plus, it includes one year of complimentary property management to boost cash flow.
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11 October 2024 | 7 replies
If you finance a portion of the purchase at a lower rate, it gives you "leverage" that helps boost the returns you can offer investors (and have something left over for yourself), as you won't need to raise as much capital from them.
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10 October 2024 | 2 replies
The goal is to make the property more attractive and functional for future tenants, boosting its After Repair Value (ARV).3.
11 October 2024 | 27 replies
Most of them are quoting me: An origination fee - $2500A processing fee - $1000An Underwriting fee - $1000Some misc. fee ("Admin") - $500The numbers change, but ultimately the bottom line is just for the loan, it's $4700-$5500 in fees.
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15 October 2024 | 12 replies
One of the benefits here is that you can save a bit on closing costs but the PPP (pre-payment penalty) structure may be more aggressive, ultimately inhibiting your ability to sell off if needed - since the loan would need to sustain a minimum debt service.
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14 October 2024 | 14 replies
Two books that would be great reads since you're just starting out would be Rich Dad Poor Dad by Robert Kiyosaki and How to Invest in Real Estate: The Ultimate Beginner's Guide to Getting Started by Brandon Turner and Joshua Dorkin.
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15 October 2024 | 40 replies
Ultimately the debt will still be recourse meaning you are personally guaranteeing the loan.
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16 October 2024 | 22 replies
Start with BiggerPockets Ultimate Beginners Guide (free).
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18 October 2024 | 37 replies
Ultimately, this is the issue right?
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12 October 2024 | 7 replies
This is where the recorded copy of the deed is ultimately sent and often times shows up in the public records.