Branden Jordan
GAP lender needed... Texas City
9 May 2024 | 8 replies
It is a very light cosmetic rehab, Just enough to get better rent rate.
Shannon Fulford
Paying off my house and increasing my heloc to invest in other properties? thoughts?
7 May 2024 | 1 reply
I don’t see the sense in paying off my own house at presumably low interest rates, and exchanging that for a higher rate, variable interest line…unless I have a really good plan for not losing my house.
Jake Andronico
Home Ownership Rate Actually Increasing...?
7 May 2024 | 14 replies
While housing is objectively more unaffordable with current prices and interest rates, when will this be reflected in the overall home ownership data?
Carlos Ptriawan
Biggerpockets and AI
10 May 2024 | 7 replies
Here are the key points:Reasons to participate in the capital call:It may allow the property time to stabilize and potentially sell within 24 months at a better price, avoiding a significant loss of LP-invested equity if forced to sell now in an inopportune market1.The additional capital can cover costs like rate caps and allow renovations to resume, which could help increase revenue and better position the property1.The operating agreement likely outlines the terms of the capital call that LPs agreed to2.Reasons to be cautious about participating:Capital calls can indicate the investment is not as sound as originally thought and is potentially at risk2.There is uncertainty around whether the additional capital will be enough to turn things around, especially if interest rates remain high and the market stays challenging for longer than expected4.LPs need to carefully consider if they would invest in the deal now based on the current facts, rather than just trying to avoid a loss on their initial investment4.Other important points:LPs should review the operating agreement, seek professional advice from their attorney, and ask the general partners detailed questions about the capital call2.If an LP is unable to contribute to a mandatory capital call, they may be considered in default and only entitled to the return of their remaining capital account balance, with no further distributions5.In summary, whether an LP should participate in a capital call depends on their individual assessment of the risks versus potential upside after carefully reviewing the deal specifics and getting advice from professionals.
Erias Wright
New to the game
10 May 2024 | 5 replies
HI Erias,You can always start off by house hacking meaning you live in one UNIT or ROOM and renting out the other vacant units/rooms to offset your monthly mortgage payment.There are several ways to run and make sure you are maximizing your rental income while keeping your living expense as low as possible.
Jordan Jensen
How do you Analyze Deals while trying to House Hack Multifamilies (Duplex,Tri,Quad)??
9 May 2024 | 9 replies
Now you have the monthly payment on the mortgage for your cash out refinance. 4.
Tyler Brobst
Bought primary house with cash, bought a new primary house with a mortgage,
9 May 2024 | 3 replies
I bought a primary residence in October 2023 with the goal of living in it for a little bit and then selling it for a profit. I bought it for 60,000 and have it listed for 100,000. I have already moved out of it and...
Collin Hays
Smokies State of the Union
8 May 2024 | 33 replies
The calendars for our properties are filling up decently, but it is taking daily work on rates to get that done.
Erik Heldt
Investment Property Before Primary Residence
8 May 2024 | 20 replies
Specially at this current interest rate.