Jake Brown
DSCR and Loan Covenant Question
Hello, I am buying a 6 unit property. I recently received an LOI from a bank for a commercial loan which states that I have to have a global cash flow ratio of 1.25x and a subject property or borrowing entity cash flo...
Bryan Hancock
The Second Million Is Easier
I read this article today on Investopedia:Why The First $1 Million Is The HardestA couple of points in the article stood out to me and I figured some folks on BP may have some opinions about them:1. Extra Wealth Mean...
Jack B.
More cash flow or more appreciation, which would you choose?
Though the title doesn't allow enough space to fully type out a bit more detail, it's not quite as simple as picking cash flow over appreciation. Consider these two scenarios and their risks and issues.Two scenarios i...
Trent Glace
Expedited mortgage to gain equity or ride it out?
Hi all, I've been lurking behind the scenes for about 2 months but this is my first post.My wife and I have a LLC set up and are diving into the industry starting with duplex, triplex, and 4-plex units. We are workin...
Kevin Wheeler
How often should you 1031
I'm new, but it seems to me that in general Real Estate doesn't make much sense without loans. It seems that by using your cash as a down payment on a loan, you are able to get a bigger property with better cash flow,...
Zachary Vanison
DsCR loan breakdown
Hey bp family I’m Zachary I’m a beginner a week in to be exact but I took my first shot at at a FH a loan unfortunately due to the lack of income I brought in I didn’t get approv so I look for other options and ...
Roger E Terry
Selling a rental property to pay off my primary residence
Considering selling a rental unit to pay off my primary residence. I have 2 townhouses in a very good area about 4 hours from my primary residence. From the outside the two combined look like a duplex and share a co...
TJ Woolum
Cap Rate Confusion
Can someone please help me understand cap rates? For some reason I can't wrap my head around it. I understand the mathematical equation... that's easy enough. Cap = NOI / Property Value. NOI is pretty straight for...
Francisco Lucero
Trying to get good contact data
I am getting started wholesaling and so far one of my biggest challenges has been getting good contact numbers. I have tried propwire for skip tracing because I was trying it for lists. It seems like a bunch of people...
Julius Dixon
How do you calc monthly mortgage expense?
Hey guys, does anyone know a rule of thumb to use when calcing mortgage payments? Just trying to figure out some assumptions for the model I'm making. FYI I don't know too much about how different credit scores will a...