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20 June 2020 | 3 replies
Here are some recommendations for you:Find and connect with other BP members that are in your area: https://www.biggerpockets.com/search/usersSet up keyword alerts to be notified of the topics that interest you: http://www.biggerpockets.com/alertsRead Beginner’s Guide: http://www.biggerpockets.com/real-estate-investingIf you wish to tag someone in the conversation on the forum, type @ followed by their name and then select the name of that person which should appear below the comments box.
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19 June 2020 | 3 replies
I realized that RE will enable me to build wealth and in a consistent way (rentals) over time better than other options.I love the fact that there is a high leverage option and if carefully selected low(er) risk.After 18 years I still have not found another way to use leverage that can help build wealth.It requires patience and attention and it is not "noise" free but all in all . . . steady way.
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23 June 2020 | 0 replies
Ashley Capps at Select Bank helped with the financing and he is my primary lender at this point.
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27 June 2020 | 3 replies
@Rich ThomasIt looks like your tax professional is doing it incorrectly.Sometimes an accountant will select a couple boxes and be like "oh if I click this box, he will get a larger refund, let's do this".The fact that you are a limited partner in a partnership, your loss should be treated as passive.
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24 June 2020 | 3 replies
@Anna Rynders we spend $4k to $5k to nicely outfit selected units in our apartment buildings, then rent them as corporate monthly rentals for 50% to 60% more than they would rent unfurnished.
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29 June 2020 | 1 reply
Monthly Expense Summary (Completed): Based off of Expected Rent (PM, CapEx, OpEx, Vacancy, Insurance, Taxes)Expected Rent (Completed): Aggregated from Zillow, Rentometer, and HomeSnapARV (Completed): Aggregated from selected CompsPre-Debt Cash-flow (Completed): Rent - ExpensesWhat I am missing: I am missing the math to take my cashflow, take a DSCR (debt-service-coverage-ratio) of 1.25, and determine my maximum Principal+Interest Payment, then take that number and extract it out to what could be financed at 15,20, or 30 years at 7% APR (arbitrary).
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3 July 2020 | 9 replies
We want to know if there is a such a role where a hired person posts listings of a property, screens applicants, selects an appropriate tenant, gets them moved in and then bows out of the transaction with the owner managing from there forward.
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22 April 2021 | 3 replies
@Will Lusk after selecting my lender and going under agreement, I found my answer.
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6 July 2020 | 7 replies
Here are some recommendations for you:Find and connect with other BP members that are in your area: https://www.biggerpockets.com/search/usersSet up keyword alerts to be notified of the topics that interest you: http://www.biggerpockets.com/alertsRead Beginner’s Guide: http://www.biggerpockets.com/real-estate-investingCheck out BP Podcasts: https://www.biggerpockets.com/podcastIf you wish to tag someone in the conversation on the forum, type @ followed by their name and then select the name of that person which should appear below the comments box.
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1 July 2020 | 4 replies
Here are some recommendations for you: Find and connect with other BP members that are in your area: https://www.biggerpockets.com/search/usersSet up keyword alerts to be notified of the topics that interest you: http://www.biggerpockets.com/alertsRead Beginner’s Guide: http://www.biggerpockets.com/real-estate-investingIf you wish to tag someone in the conversation on the forum, type @ followed by their name and then select the name of that person which should appear below the comments box.