Colton S.
Considering house hacking a duplex. Few questions
Am looking to buy my first house. Found a duplex for $550k with tenants paying $1100 on a month to month lease. Tenant that would be staying is expecting a rent increase. My question is about doing 3.5% down or 20% do...
Andrew Rader
Is it smart to use HELOC as a cash offer for investment property?
Hello! I have recently discovered the HELOC tool but was wondering how to best use it. To me, it does not make sense to use for a down payment since the return on the property would have to cover the new loan and HELO...
Brandon Schlichter
My 2015 Goal : 50 Units by end-of-year
Current portfolio metrics :10 Properties15 Units17.15% Un-levered ROI average per home56% Average equity increase per rehabThis is a hybrid kind of portfolio. Our plan is to buy SFD & Multi-Family properties from ...
Cole Baker
What is DSCR at Purchase?
I am confused with what "DSCR at purchase" is. Does this not include the construction loan ?
For example, when the DSCR is 3.00x and the Loan to Purchase is 68% , does this mean that NOI is 3.00 x the debt from a lo...
Jeremy Porter
Navigating Community Harmony: Understanding Resident Sentiments Toward the HOA
Understanding what residents think of the Homeowners Association (HOA) is crucial for property managers and landlords as it allows them to gauge the satisfaction levels of the community members and address any concern...
Dolphurs Hayes
Cash out refinance under LLC
Hey I am currently getting closer to closing my first BRRR deal but I wanted advice on how ppl went about the cash out refinance step. Is it tougher to cash out refinance when the title is in LLC? Any tips on how to s...
Carlos Arjona
Florida Licensed Life Insurance Agent
I'm looking to connect with a FL licensed insurance agent that has experience with term life insurance policies. I've been researching different options for family planning and would like to get a sense of what produc...
Amanda Chandler
Cash or HELOC?
Hi all. Question for you as I am not sure what makes the most sense. In a blessed situation to have been able to save up some cash reserves and have a HELOC that is interest only for 10 years. Rate on the HELOC is var...
Patrick Padovano
Building first rental property. Any advice welcomed
I currently own my primary residence and recently decided to buy a piece of raw land where my father’s construction company is, and with his help, build a single family home on it which will become a long term rental...
Dwayne McNab
Basement Remodeling Project
Hi BP,
I wanted to get the community perspective on remodeling a project. Does it makes sense to get a professional drawing? I am kinda confused here. I am in the process of making my basement a legal flat and w...