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31 July 2024 | 6 replies
Welcome to BiggerPockets Isaac and good luck getting started!
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1 August 2024 | 71 replies
But that's a fair starting point.
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1 August 2024 | 4 replies
Also, the roof is a barn-style roof, so it starts to slope at about 4ft high.Is there anything I should add or change to suit MTR (and STR in the gaps of no MTR guests)?
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31 July 2024 | 53 replies
I was able to save them from a terrible financial outcome.
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1 August 2024 | 1 reply
When should I start the policy?
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31 July 2024 | 13 replies
Started using hemlane for a property I acquired recently.
31 July 2024 | 4 replies
I want to learn how to build a sustainable business and reaching out to see if there are any mentors in the area willing to give someone an opportunity to learn how they build their business and how they would start if they had to do it all again.
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31 July 2024 | 9 replies
If you're just starting out, a turnkey cash flow rental is a solid move.
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29 July 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 = 1.23If a purchase, you also generally need reserves / savings to show you have 3-6 month payments of PITIA (principal / interest (mortgage payment), property taxes and insurance and HOA (if applicable).
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28 July 2024 | 5 replies
And there is not much out there because is program is small and I saw one that leaned negative unfairly by someone who never even worked with Paul McGraw or his program.I started working with Paul McGraw and his team just over a year ago and I’m amazed at how wonderful real estate can be.