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23 April 2024 | 44 replies
Personally I find that a red flag unless they have a good reason.
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23 April 2024 | 5 replies
House hacking will also give you some personal "property management" experience.
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23 April 2024 | 7 replies
House hacking will also give you some personal "property management" experience.
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23 April 2024 | 1 reply
I also received my broker's license tho (solely to become more knowledgeable while making personal real estate investments), but I don't see their logic, so I figured I'd turn to BiggerPockets to help me better understand what's going on.
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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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18 April 2024 | 46 replies
A family who all want a yoga retreat?
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23 April 2024 | 3 replies
We've also been exploring properties in person.
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23 April 2024 | 27 replies
i don't see how you do it unless either (1) you are there in person or (2) you have a trusted team on the ground.
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23 April 2024 | 15 replies
House hacking will also give you some personal "property management" experience.
24 April 2024 | 11 replies
Its what I'm doing...You aren't the first person in this situation.