Evan Alexakos
How to go about buying first-property? Found one but have never purchased before
4 May 2024 | 2 replies
(Can I use the estimated cash flow of the house as proof of income for mortgage applications?)
Jerry Daily
1031 on an LLC and transferring to own name
3 May 2024 | 3 replies
I still pay a fair share of taxes.
Lacey A.
Recs for Automatic Mileage Tracker
4 May 2024 | 1 reply
It must: 1) Automatically Track my Mileage 2) Provide a comprehensive export to excel/spreadsheet for tax purposes 3) Free -any good ones free?
Robert Stephenson
Newbie REI investor
3 May 2024 | 7 replies
Also, focus on 2 years of job/income stability.Class D Properties:Cashflow vs Appreciation: Typically, all cashflow with zero or negative relative rent & value appreciationVacancy Est: 20%+ should be used to cover nonpayment, evictions & damages.Tenant Pool: majority will have FICO scores under 560, little to no good tradelines, lots of collections & chargeoffs, recent evictions.
Account Closed
Ohio Cashflow LLC Review, 2018
2 May 2024 | 17 replies
If I calculate my actual cap rate after 6 months by using their convention (Subtracting insurance, tax, property management from gross income) numbers match, thus I am getting what was promised on my proposal.
Byron Paille
Own 2 homes free and clear wanting to scale.
2 May 2024 | 12 replies
DSCR loans are typically for income-producing properties, whereas HELOC's are used for personal expenses or home improvements.
Jason Khoury
Advice on first property... BRRR or move in ready? WA state.
4 May 2024 | 4 replies
Happy to run ROI (cashflow, appreciation, tax deductions) calculations with you.
Elyse Martinez
Hello everyone @ BiggerPockets
4 May 2024 | 8 replies
Also, focus on 2 years of job/income stability.Class D Properties:Cashflow vs Appreciation: Typically, all cashflow with zero or negative relative rent & value appreciationVacancy Est: 20%+ should be used to cover nonpayment, evictions & damages.Tenant Pool: majority will have FICO scores under 560, little to no good tradelines, lots of collections & chargeoffs, recent evictions.
Peter Kuck
HELOC on investment property
4 May 2024 | 23 replies
Great for HELOCs in TXFulton Bank, PA, NJ to 75% LTVGFA Federal Credit Union 10 yr draw, 10 yr repay, MA, NHGolden1 California HELOC Sacramento ValleyGolden West Credit Union, Salt Lake UTjGranite State CU, NH 90-100%Great Lakes Credit Union, Chicago area ILGTE Financial, Tampa, Sarasota area FL w 2 yrs tax history on propertyHanscom FCU, not TX or NYHarborOne, RIHSBC 70%, for premier clients only.