John Wallace
Current DSCR rates? Who's got the best program?
Hi everyone. I'm hoping you can help me find some good DSCR lenders and give me an idea of the going rates? I was quoted 9.75% for a DSCR on a rental property recently. Is that average? High? Low?! As I am shopping, w...
Amir B.
CAP Rate or Comps
Hello BP Community,This question is for the savvy REI's out there. When determining what is a great investment, what is the best way to go about it?here is an example of a property for sale in my area:Duplex809 N Hobs...
Jeff Goddard
HELOC as alternative to conventional fixed mtg...
This is a bit long so.... I am wondering if any of the BP members have heard anything about using a HELOC to replace a fixed or traditional mortgage??I recently came across a u tube video of a fellow in Hawaii whose...
Scott Nolan
Direct Mail in Northern Virginia
I sent out 1000 direct mail yellow letters to absentee owners in Fairfax County. The response I got was only two phone calls, both highly unmotivated. Is this typical for the area?
Haider Abdullah
Flipping in Dallas - thoughts and stories
I started flipping in Dallas earlier this year. To date, have completed 1, have 1 in escrow, and close on 4 purchases this week. Most are being bought in wholesale, some conventionally financed too. Wanted to hear exp...
Alberto M.
Cap Rate Compression
I’m sure everybody here knows what a cap rate is, if you don’t, a cap rate is basically a measure to understand your rate of return based on NOI (net operating income) the property is intended to generate. In general ...
Corey Dutton
What Does FICO Really Mean? Will FICO Credit Reporting Software Have to Be Overhauled in the New Economy
Many people don’t know that FICO is a company that provides a credit reporting software that is widely used. With so many people having major credit issues as a result of the financial crisis, the FICO credit reportin...
Matt DuPre
Rob Swanson Webinar - Is This A Bait and Switch?
Hi everyone, last night I spent an hour watching Rob Swanson’sMasterclass: The One Call CloseLearn the One Call Close and close more seller leads into profit.watching Rob Swanson’s webinar called: Although I know that...
Ray Johnson
Is it worth it to become a RE appraiser?
At the summit, a lot of the presenters and people I talked to mentioned it would be a good idea to get my real estate license. Others mentioned taking some appraisal classes, which got me wondering. Would being a li...
Rob Catching
Exc. Credit+Cash, but Low Income - Financing Recommendations
Hello all, I am new to the forum and decided to become active. I have read enough posts here to know that this forum has some very experienced and knowledgeable investors who may be able to provide some insight regar...