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25 April 2024 | 1 reply
Fun fact, typically 40% of all annual home sales take place March-June.
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25 April 2024 | 24 replies
There are still some deals for flips, but numbers are tight right now - last deal I reviewed last night was only a 5% COC assuming everything stayed in budget - we decided it was not worth the amount of capital at risk for that type of return.
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24 April 2024 | 5 replies
I know the builders are offering more incentives to buyers, but does new construction typically pan out well as investment properties?
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22 April 2024 | 39 replies
People who regularly measure their net worth have a larger net worth than those who don't track it.2.
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24 April 2024 | 2 replies
I typically advice a cash out refi over a HELOC if you have an immediate use for the funds since HELOCs have variable interest rates, but you also want to take your current interest rate into consideration.
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23 April 2024 | 9 replies
Qualifications typically center around whether the monthly rental income can at least break even (1.00 DSCR) with the monthly PITI.We would simply need to know the following information to determine eligibility, interest rate, and loan terms for DSCR financing:o Purchase or Refinanceo Property Addresso Monthly Rental incomeo Annual Taxeso Annual Insuranceo Estimated Credit ScoreThe documentation is relatively light as well, compared to a conventional loan underwritten to your personal income/taxes/debts.▪ Entity documents ▪ 2 months of bank statements ▪ Photo ID ▪ Lease agreement (refinance) ▪ Sales contract (purchase)
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25 April 2024 | 9 replies
But be sure, it is not easy and generally, a good agent is well worth it!
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24 April 2024 | 5 replies
Passive real estate investing comes with its own challenges of course, most notably finding quality syndicators and the high minimum investment (typically $50-100K if you invest by yourself).
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21 April 2024 | 0 replies
Hi BP,What is the typical arrangement for partnerships when one partner does not have capital to invest but they have all the other elements:Partner 1:Owner-occupied, Great credit, No capitalPartner 2: Non-owner occupied, Capital , Great credit Does partner 1 get a percentage of equity plus percentage of cash flow?
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25 April 2024 | 27 replies
You may never need it, but it's totally worth it when you do, so for us, worth including in our initial expenses.