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3 March 2024 | 6 replies
My market is Detroit and I've built a 12-door portfolio there.
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4 March 2024 | 3 replies
All that said, if you don't mind spending about $4,000 per year (maybe more or less in SC) then the only thing you'll have to battle is finding the right firm that lets you run your business the way you want. 2.
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29 February 2024 | 8 replies
is there anyone that can help me run numbers on a property ?
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4 March 2024 | 15 replies
People do not give a whoot who you are and are not gonna come knocking on your door, and if they were, a wyoming LLC will not protect you.2.
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4 March 2024 | 10 replies
My wife will be keeping her job indefintely and I will be the one "running the business."
4 March 2024 | 11 replies
I mean I got one last week for a broken shower head but that’s kind of the sort of issues I usually run into.
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1 March 2024 | 10 replies
I'm going to run electric to that front so someone could put a hot tub.
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3 March 2024 | 36 replies
I strive to run a syndication or even a fund someday, and I know that if i was asked to be an LP in a fund/deal, I would certainly want the comfort of knowing the sponsor/manager was licensed (credibility).Thanks again..
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3 March 2024 | 1 reply
so most people will have to be as leveraged as possible to scale (at the beginning). as in, keep your LTV high and focus on buying 'as much' ($$) RE as possible. this is if you're doing a pretty run of the mill REI strategy like buy and hold. i came across an interesting guideline once: if you could sell today and net 7x+ your annual true net cashflow, you should cash-out/refi, or sell/1031. think of it this way: if your portfolio in a year is worth 1m market value, and you owe 600k, and have a lender that will do a portfolio loan at 80% ltv, you could cashout refi and get 200k to play with (minus closing costs). when you compare the now-lower cashflow from the existing portfolio (higher LTV & maybe different rate), to what you can do with 200k cash, THAT'S where it gets fun. maybe you lose 1k/mo in cashflow on the original portfolio (literally just made up a number, idk), but you can gain 2500/mo in cashflow with that 200k.. then doing the cashout/refi earned you a net increase in your monthly profit of 1500/mo, plus you're getting debt paydown and appreciation on "more" real estate, probably getting bigger tax benefits, etc.
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4 March 2024 | 17 replies
No, you can get pre-approved fairly easily for DSCR Loans, arguably more so than conventional - will likely just have to run credit and then you can be approved subject to having the cash to do down payment and pick a property that will cash flow