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Currently a W2 employee, own two properties and ready to purchase a third but my DTI will not allow it. From my understanding and research the DSCR Loan is the only way in my situation. However, is the better strategy...
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So the name of the thread - loaded subject, and maybe as this thread unfolds we will touch on a lot of things, but to kick this off:@Sam Grooms and I just had a meeting with our PM at the 98-unit we closed on August ...
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I have been investing in real estate for 11 years now and have 11 rental properties. I didn't listen to the advice in rich dad poor dad to hire a book keeper early when things are small. Now I am paying the price. Tax...
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I am purchasing a property that is projected to generate gross rents of $3,000 per month. When I am done rehabbing the place, I am going to be looking to cash out about $60-$70k to do another project. This would be a ...
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Hi,I'm trying to determine the cap rate in my area. I could look at sales comps, but are there other resources that I can utilize to find this percentage, or is it best to talk with local realtors to find out? I'm loo...
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Does anyone use rules of thumb for estimating expenses per unit for multi-family property? I have recently been told:Owner paid utilities: 4K-4.5K DoorTenant paid utilities: 3K - 3.5K DoorDo any owners have actuals...
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So starting out I decided I wanted to focus on buy and hold deals and that's really been my focus and everything I've analyzed has been with that strategy in mind. However, now that I'm finally in a position where I c...
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Hi Rehabbers, I've rehabbed over 40 rentals in Atlanta to smaller towns around the state. Few contractors had their own insurance, with the exception of the roofers I hired. In small towns when you put up a craigsl...
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Hello All,I am planning to list my property in NC for rent. I have screened tenants in the past, but it has been 8+ years ago. Looking for recommendation for how to screen the tenants and what services I can use? H...
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Hello BP community, I discovered portfolio lenders recently and have been reading on what they are and what advantages they offer. My question is, can I/should I go through a portfolio lender for purchasing my first h...