Ian Porter
Seeking to build an Equity Ticket for Spec Builds in Atlanta
3 April 2024 | 6 replies
We've also simply created a separate debt instrument to our own LLC with a fixed return and fixed time frame (18 - 24 months) to keep 100% of the equity and not tie that money to the property, but to a UCC on our entity.
Fidel Solano
St Pete, FL near grand central district
3 April 2024 | 0 replies
I found it through a wholesaler, created a relationship and he accepted our offer How did you finance this deal?
Arthur Vivero
wholesale deal under contract - private lender to buy the deal ourselves for flip
3 April 2024 | 0 replies
Wholesale Deal under contract in Bryan ,txit is a vacant trailer on a lot both owned by the Ownerunder contract for 55k needs 10k to repair get it rented outall together 65k to get the property and get it operational investor next door door similar situation got the trailer and lot for 64k repairs included.
Rachel Waldorf
The Best Financing Options For Zero Income Borrowers With High Savings
4 April 2024 | 8 replies
I've included an example below to help illustrate this.So different lenders have different rates (which do vary even for DSCR loans) but these are factors they all consider.See example below:DSCR < 1Principal + Interest = $1,700Taxes = $350, Insurance = $100, Association Dues = $50Total PITIA = $2200Rent = $2000DSCR = Rent/PITIA = 2000/2200 = 0.91Since the DSCR is 0.91, we know the expenses are greater than the income of the property.DSCR >1Principal + Interest = $1,500Taxes = $250, Insurance = $100, Association Dues = $25Total PITIA = $1875 Rent = $2300DSCR = Rent/PITIA = 2300/1875 = 1.23DSCR lenders generally let you vest either individually or as an LLC.
Ricardo Camacho
What should you expect to pay for closing costs?
4 April 2024 | 12 replies
Hi @Ricardo CamachoClosing cost distribution should be included in your purchase contract.
Jace Moe
New to BP!
3 April 2024 | 17 replies
The determining factors on which markets to consider investing include: a stable and diverse economy, low property taxes, landlord friendly laws, job growth, population growth and a business friendly climate.
Arnie Guida
Do You Drive By Every Day?
4 April 2024 | 27 replies
She's only created a hostile environment and as soon as I found another place that's affordable she'll lose a perfect tenant.
Candice Ravin Woodfin
How do you analyze deals for MTR?
3 April 2024 | 9 replies
Also, I no longer include utilities in my longer leases.
Eric Edling
I need some one with experience in mortgages and how they are regulated.
3 April 2024 | 6 replies
All I did was take 10,000 sign some papers and created 150,000 in equity out of thin air.
Stan Tallman
Seller threatening to break contract to put back on market (for more $)
2 April 2024 | 59 replies
You could refuse to sign and create problems for him.