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14 June 2024 | 12 replies
We meet once a month at one of our members’ Airbnb property to network and trade tips.
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18 June 2024 | 7 replies
Meetup.com is a good resource for those but some of the groups will also post here on Bigger Pockets Marketplace too.
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15 June 2024 | 8 replies
He maintained a full time job up to about 120 units.
18 June 2024 | 6 replies
Hi James,First time posting, but long time investor in the Denver market.
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17 June 2024 | 9 replies
We no issues closing in an LLC, as a matter of fact most of my lenders will prefer it (assuming it is not your primary residence)Assuming it is not your primary residence, the easiest way to do this deal would be through a DSCR Loans.A DSCR Loan will use current rents or market rents if the property is vacant and personal tax return from you would NOT be required.It also referred to as a No Ratio Loan because your personal Debt To Income is not important.What is important is that the property can pay for itself.If we keep the LTV Low the rate for this loan can be better than a conventional loan.If you ARE Living in the property and you want to keep it... it would mostly depend on how motivated you are and how willing you'd be to "postpone gratification"The best bet is still a DSCR Loan.. which means you moving and renting the property out.We can bring in Asset Based Financing that can help with cash down (if you need it) or to pay cash for another property for you to reside in.Once you're moved out we can do the DSCR Loan at a 70% - 80% LTV or we can calculate a comfortable cash flow number.For example, max cash out that will give you $500 cashflow after a full PITI payment.Let's discuss more!
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15 June 2024 | 6 replies
I’ve been spending a lot of time on Bigger Pockets and reading articles to prepare myself before I begin - but I’m at the moment where I feel I am in a great spot to start.I’m interested in finding a fix & flip property in the Metro Detroit area that might offer a good opportunity.Any tips, tricks, or advice for a beginning flipper?
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18 June 2024 | 7 replies
Hi Dough,I just read your post.
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17 June 2024 | 10 replies
I am looking to buy a 3/2 SFH near Atlanta that has a full in-law suite in the basement.
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18 June 2024 | 2 replies
This is another reason I post daily NEVER do anything in Cleveland without a team.
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14 June 2024 | 8 replies
There are so many great people here all willing to share advice and lots of great blog posts to learn from too.