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29 March 2024 | 11 replies
I appreciate you sharing some specifics on the risks with a real life example ( I have not been paying attention to that detail, so that is good education for me).I do get the idea that if it's a good year, I am missing out on good TSP compounding due to a loan for real estate.
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27 March 2024 | 3 replies
I don't have any specific goals set yet.
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26 March 2024 | 4 replies
However, specific regulations may apply, and it's advisable to consult with a legal expert or housing authority to ensure compliance and handle the situation appropriately.
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28 March 2024 | 5 replies
I wont disagree but you may find that PMI is worth it to get into a specific deal potentially.
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28 March 2024 | 5 replies
More specifically, my questions would be:What type of account(s) do I put the money I save for maintenance, vacancy, capital expenditures, etc. into?
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28 March 2024 | 7 replies
Take a look at BP's blog where new articles are published every day: https://www.biggerpockets.com/blog4.Check out the BP Podcasts: https://www.biggerpockets.com/podcast5.If you want to network or ask specific questions about your local market, go to your local real estate forum and connect with investors from your area: https://www.biggerpockets.com/forums/86-local-real-estate-networking6.
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28 March 2024 | 28 replies
If you provide the specifics, timelines, gain, etc, @Dave Foster can give you a detailed answer.
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28 March 2024 | 20 replies
While there isn’t an exact, commonly agreed-upon definition out there, here is a handy definition for this specific loan product:DSCR loans are mortgage loans secured by residential real estate turnkey properties, strictly used for a business purpose and underwritten primarily based on the property.Important note: DSCR loans refer to the specific loan type, and the “DSCR ratio” (debt service coverage ratio) is a metric used for underwriting and evaluating these loans (and other loans), but the metric and ratio itself are distinct things versus what is referred to as “DSCR loans.”Some key things to note in the definition:DSCR loans are secured loans (meaning that there is collateral that the lender can take if the borrower doesn’t pay back the debt).
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28 March 2024 | 10 replies
@NA NA Can’t legally enter into a contract at 15.
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27 March 2024 | 6 replies
Legal entities such as LLC's are not eligible for conforming loans, such as a conventional loan.