Michael Lightwood
Looking for whole properties coaching
15 May 2024 | 4 replies
I have done well here at BP so far with meeting people to aid me in my Real Estate ventures and hope this will be a success as well.
Jesse Kerr
Hiring someone to manage your portfolio
15 May 2024 | 7 replies
We do complete kitchen and bath renovations and re-designs often down to the studs which far exceeds a typical turnover renovation where you'd maybe do minor repairs, paint and lay floor.I think I could probably manage 200+ units using Buildium property management software (or some other full featured app) without breaking a sweat.
TJ Bardossas
Broker Looking to Invest
14 May 2024 | 4 replies
My issue is that I come from a low income background and have fought my *** off, pardon my language to get to where I am now and comfortable.
Dave Meyer
Is Real Estate Still the Best Asset Class?
14 May 2024 | 164 replies
It's also at all-time highs, and its historical far more volatile than RE.
Douglas Gratz
What is the new construction process? Dig lot, pour concrete, etc
14 May 2024 | 201 replies
Don't bite off more than you can gnaw on.
Marek J.
After tax return question
15 May 2024 | 8 replies
High w2 earner and was wondering what would be savings i make on tax regarding rental income after all tax write off?
Yael Fuerst
Is it crazy to get into Airbnb now?
14 May 2024 | 17 replies
If you are looking to buy 1-2 properties and live off the income - probably pretty crazy.
Account Closed
Room Rental to 8+ Figure Portfolio…
14 May 2024 | 2 replies
Far too many get stuck in the "paralysis by analysis" stage, thinking they just don't know enough to get started.
Victor Nguyen
Should I Be Worried About Interest Rates?
16 May 2024 | 6 replies
I’m a first time real estate investor that is about to sign off on a duplex for lease.
Austin James
50 unit financing: Unsure of what is standard or what to seek out
16 May 2024 | 4 replies
Having a 24 month term on the front end will also make my job easier doing the take-out loan when it's time to refinance into permanent debt, because there's room in there for a full year of tax returns to have been done in the middle (if your exit plan is to sell, it'll also make it easier on your buyer who will presumably be willing to pay a higher price if they can get an A-paper good mortgage).Ask for a 24 month term, tell your contractor you want it done in a year (and make it financially worth their while if they can pull it off), internally/mentally plan on 18 months, and I'm putting you on notice now to do your tax returns on time, rather than extending them (don't fight me on this, please just do it).Trying to get a renovation mortgage like this for only 1 point is likely a waste of your time, but if you want to ask, after you've secured the above as a 'done deal,' go for it, can't hurt.