Kasey Bell
Hello BiggerPockets! New PRO here
5 July 2024 | 2 replies
Building your team/networking is crucial but it is important to know what type of method(s) you are interested in pursuing (flip, BRRRR, str/ltr, etc).
Justin Watkins
Intro! Construction Cost Estimator breaking into RE, willing to help.
5 July 2024 | 5 replies
If you can connect me, let me know!
Michael Hoover
Buyout Local Portfolio?
4 July 2024 | 1 reply
When I analyze a deal like this, I review then individually so that I know what I'm actually getting.
Lynn Funna
House Swap Idea
5 July 2024 | 2 replies
I know you say swap, but the swap is accomplished via two sales.
Lucas Schlund
Planning My First BRRRR - All Cash or Finance
5 July 2024 | 19 replies
Let me know if you have other specific questions or would like to look at some example projects given your cash scenario.
Marty Rogachefsky
What Are Your Views on Appliance Protection Plans
5 July 2024 | 7 replies
They know most owners will never use it.
Cherilyn Williams
Tenant with Late Rent Payment Twice within 4 Months!
6 July 2024 | 24 replies
I know it will get better.
Zach Abey
Active Duty RE investor looking to scale
5 July 2024 | 2 replies
I am a loan officer licensed in multiple states so let me know if you want to discuss some options.
Jasmine C.
Nevada llc with land trust
4 July 2024 | 14 replies
Deed the property into a land trust OWNED BY the LLC.This will provide anonymity, which is critical to protection simply because it is very difficult for someone to sue you without knowing exactly what you own.
Elvin Luccon
Which company to use for DSCR loan?
5 July 2024 | 3 replies
This criteria is for 1-4 and 5-8 unit programs.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 = 1.23If a purchase, you also generally need reserves / savings to show you have 3-6 month payments of PITIA (principal / interest (mortgage payment), property taxes and insurance and HOA (if applicable).