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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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23 April 2024 | 3 replies
We've also been exploring properties in person.
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23 April 2024 | 15 replies
House hacking will also give you some personal "property management" experience.
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23 April 2024 | 6 replies
We have in-person meetups once a month in Northern NJ.
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23 April 2024 | 12 replies
Ping me if you're personally interested to help shape it or reply if you have features/capabilities you would love to see.
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23 April 2024 | 30 replies
I want to know that first and foremost, and then we can have a conversation about what the right call is to make with respect to the underlying investment because I will trust the decision making of a GP with years of substantited experience and a few losses on the board over th the novice who purports to have a perfect track record. nahhhh .... experienced GP Fund got hammered too because in their 15 holdings or so they use bridge loan and floating. there's almost no such thing as good and bad as it's 90% losing money in there when they are not using fixed debt. it's just simple math. the only way real estate could have better risk/reward is to have long term 10 years or so financing with fixed rate.
24 April 2024 | 11 replies
Its what I'm doing...You aren't the first person in this situation.
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23 April 2024 | 10 replies
I personally invest here for both the cash flow and appreciation.
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23 April 2024 | 9 replies
If you're truly interested in the property then you need to get in front of this person.