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31 January 2024 | 1 reply
For seller financing, what form of payment are you typically using to pay the seller?
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31 January 2024 | 9 replies
I am typically a buy and hold investor so that was my plan for this but Ive found it hard making that work.
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31 January 2024 | 5 replies
Hi I am currently on my third flip project and I think I am to the point where I should setup an LLC to operate under.
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31 January 2024 | 1 reply
Rates are coming down right now and a cash out refinance offers additional benefits that a Heloc cannot not offer.Heloc cannot be used as an "Asset" or for PITI reserve requirements when buying another REI.Heloc is an open end mortgage aka debt obligation and can cause DTI issues.Heloc is in 2nd lien position which means you cannot borrower more until you pay off the Heloc.Cash out refinance offers a 30 year versus Heloc typically 15-20 year higher rate.
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1 February 2024 | 3 replies
Reason for that is because if you were to get the construction financing for it, the bank is going to look into the operator's (you) experience in the field and whether or not you have a track record of knowing what to do.
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1 February 2024 | 29 replies
For PEX typically the rupture will happen along the crimped connections, the rings will burst and you may only need to re-crimp these sections.
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1 February 2024 | 6 replies
Quote from @Zachary Vanison: Hey bigger pockets family quick question which fico do dscr lenders use thanks in advance guys for the info DSCR Lenders will use the median (middle of the three numbers from the 3 main credit bureaus) - however one nuance is that for DSCR you can typically borrow as an LLC or partnership (entity) with multiple people on the loan - it will vary whose credit score (i.e. if there are 50/50 partners) a lender will use - can depend on the specific DSCR Lender
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31 January 2024 | 8 replies
Since I am working with Hard money on a draw schedule, they will typically work with me on the timing of payments.
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1 February 2024 | 4 replies
Typically you'd put 20-25% down and can go as low as 1.15 DSCR, but it's ideal if it is above 1.25
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1 February 2024 | 1 reply
After I told them or I emailed Them details of My Numbers and details, And I found some typical Agent :1.