Jordan Jensen
How do you Analyze Deals while trying to House Hack Multifamilies (Duplex,Tri,Quad)??
9 May 2024 | 9 replies
If you do not run numbers, you are shooting from the hip and your strategy is either fueled by "hope-ium", or your experience is so immense you know every input and return without running the numbers (but even the most experienced investors run their numbers).Here's the best advice I can give you: You can "run the numbers" until you are purple in the face, and you will never know what every single ACTUAL number is going to be before getting into a deal.
Wes Holmes
Hard Money Collatoral
7 May 2024 | 9 replies
That even though I'm borrowing through an LLC...essentially business to business.
James Wise
Joe Splitrock is scared.
7 May 2024 | 28 replies
Dymski isn't working, so I'll try this even though I don't think it will work.https://www.biggerpockets.com/users/miked75
Ian Morales
Building a team
7 May 2024 | 6 replies
In PR, understand the locals disposition to OOS investors, even those fluent in Spanish like yourself (or so I gather from Spanish language interview questions).No harm in beginning the interview process with both lender and agent today.
Ekaterina Smirnova
Find a property with room to appreciate in value
8 May 2024 | 10 replies
You can even enjoy it yourself a week or so every year :)
William R Bebout Jr
BP Property Manager Finder
8 May 2024 | 9 replies
Thank you for mentioning, I hadn't even thought of that.
Annwar Matani
How do Hard Money Loans work?
9 May 2024 | 15 replies
This allows many groups (I know the crew at Easy Street can do this) even close a loan in a week or less.They'll stay off of your personal credit, while not impacting your personal debt to income which is valuable as you start to scale.
Karen Chenaille
DIY Cost Segregation Study Tips/Tools/Templates?
7 May 2024 | 56 replies
Even if you end up as a DIY on this one, his guidance will be tremendously helpful.
Krishna Shah
Cash out Refi/Purchase
7 May 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 = 1.23There are 30 year fixed terms and other options such as 40 year with 10 year interest only converting to a 30 year fully amortizing loan.
Andrew Reis
Using 0% Interest CC's for Rehab Work
7 May 2024 | 24 replies
Its why I sold all my rentals I bought with conventional financing back in 2004 2005 2006.. having so many loans my fico could hardly get above 700 even though I had never missed a payment in my life and I paid all my CC monthly and have for 25 years and NO other debt than car loan..