Micah Cook
The "good problem" of not knowing what to do with portfolio equity
3 March 2024 | 1 reply
so most people will have to be as leveraged as possible to scale (at the beginning). as in, keep your LTV high and focus on buying 'as much' ($$) RE as possible. this is if you're doing a pretty run of the mill REI strategy like buy and hold. i came across an interesting guideline once: if you could sell today and net 7x+ your annual true net cashflow, you should cash-out/refi, or sell/1031. think of it this way: if your portfolio in a year is worth 1m market value, and you owe 600k, and have a lender that will do a portfolio loan at 80% ltv, you could cashout refi and get 200k to play with (minus closing costs). when you compare the now-lower cashflow from the existing portfolio (higher LTV & maybe different rate), to what you can do with 200k cash, THAT'S where it gets fun. maybe you lose 1k/mo in cashflow on the original portfolio (literally just made up a number, idk), but you can gain 2500/mo in cashflow with that 200k.. then doing the cashout/refi earned you a net increase in your monthly profit of 1500/mo, plus you're getting debt paydown and appreciation on "more" real estate, probably getting bigger tax benefits, etc.
Jacqueline Bruen
Mortgage for an LLC?
4 March 2024 | 17 replies
If the rents are under less than the mortgage payment they will lend you the money at higher rate.
Ruchir Kaul
General Contractors in Indianapolis
3 March 2024 | 9 replies
They are full service with reasonable rates.
Cody Furry
House selling advice
2 March 2024 | 4 replies
They are good at what they do but interest rates have been scaring off potential buyers.
Brian Erlich
Have you had success with e-mail marketing?
2 March 2024 | 5 replies
I think it was successful in that we got 63% open rate and a 12% click rate.
Bonnie Low
Has anyone used Seabury Investments LLC for funding?
3 March 2024 | 53 replies
Wish it were true, but every lender bases their rates off of Sofi or 10 yr Treasury, etc.
Gil Erez
Any opinions about vestright, Cody Bjugan’s 15-18k course?
5 March 2024 | 27 replies
Then with interest rates bounding upward, you and your buyer-customers are faced with ever higher financing costs...
Abby Flynn
Looking for a mentor in NJ!
3 March 2024 | 7 replies
Interest rates are high and prices are high.3) Yes it can be a great way to start snowballing money, but remember some critical parts.
Aaron Lathan
Does anyone know of any DSCR lenders that loan under $75,000?
3 March 2024 | 42 replies
There's an option for $50k loan amount as long as the value is $75k or higher....fees and rate will be bit higher than higher loan amounts.
Troy Sabin
Should I be hesitant to give Corporate Housing long-term leases?
2 March 2024 | 5 replies
Having a long-term lease at mid-term rates and not having to worry about keeping it booked, cleaned, or maintained sounds good.