I see this metric of gross income should be 3x or 4x rent and cannot see how this can possibly be useful other than a preliminary "should I even bother looking at this app".
I think a more useful metric would...
I have this conversation frequently with investors investing in mortgage notes and private lending. Many people will look at the interest rate or even the yield to determine which is a better deal. But what many forge...
As our portfolio grows, it's necessary to develop systems to handle the routine tasks. What is your favorite time-saving system that has allowed you to protect your time, maintain your sanity, save money, or continue ...
I am local to Las Vegas, I just joined a lot of meet up groups including Bigger Pockets last night. This past week I have been filling my head with as much information as I possibly can, and shall continue doing so. I...
From 2003-2009 I was 20 years old and had my first real job and taste of Real Estate for a mortgage company at HomeBridge Mortgage Bankers in south Florida.It was a crazy market and a crazier place to work, but I lear...
Hi, we'd like your experienced opinion! My husband and I are interested in buying rental properties to augment our retirement income (10 years from retirement). We're new to this, but have been reading and visiting op...
I have just read an article by Joshua about REOs and in it his last point is
'Note that lenders and banks do not like holding REOs on the books, and try to get rid of these as quickly as possible.'
Why is this and w...
So I've started my search for my first property and with the help of my family's realtor came across a duplex in an up and coming neighborhood (high rises are being built like crazy, it is within 5 minutes of Fort Lau...
Hi all,It is a true pleasure to finally have my first post on BP. I have been going back and forth and hesitating on when putting up my first post but as written in The Ultimate Beginners Guide "I never worry about a...
For starters I have a HELOC through my credit union for 130,000Bought a triplex with a partner paid my down payment of 55,000 in February 2020Bought a Single family house in kansas cash and paid 34,000 and needs 22,00...