Scott Michael Gross
Refinancing lenders (non traditional banks)
Hi All!My partners and I are relatively new in the game. We were undergoing our first BRRRR in the Pittsburgh area and were in the process with Civic financial services but they just paused new loans so we need to fi...
Account Closed
DSCR Calculation in Multifamily with Upside
Hi everyone, I have heard a lot about DSCR loans, which sound promising for several reasons (feel free to give your opinion if you think otherwise). However, I'm wondering how to manage the disconnect between the comm...
Pete Harper
Line of Credit Options for Commercial
I wanted to see what line of credit loan products that are available for commercial. I own several properties 100% that are held within an LLC that I would like to be able to tap the equity without taking out a conve...
Justin Goodin
Full Breakdown: Operating Expenses
People often ask me how they should determine their operating expenses. These numbers should be determined using a combination of the historical financial data available, feedback from your property management company...
Juan Jackson
800 credit / self employed/avg 75k gross
Lender mortgage broker loan officer financing georgiaBP Members,I need some adivice. I have a client who want's to start investing in real estate. He is interested in multifamily or a flip property. He is concerned ab...
Carl Hess
Refinancing Based off of ARV, not DTIR
So the BRRRR effect is the path that Im taking with my first Purchase but how do I refinance without the bank considering my DTIR? As I acquire more properties my debt will increase.
Megan Gray
Broker Evaluation Need Help
Hi All,I have been in real estate for a few years now. When I started my real estate career I went to work for a broker who my parents used as their realtor prior to me becoming licensed. Let me also mention I live in...
Steve S.
If you acquired an 8-plex with $7,200 gross rents, what would be
a reasonable purchase price with the following assumptions:- 25% down- Property taxes around 2.5%- Insurance around $4,800
Vinnie Da silva
DSCR ( Debt Service Coverage Ratio ) - Investor Loan
As an investor and lender, I see that a lot of people are not familiar with DSCR loan. Its a great program, specially self-employed people, which often find it difficult to get qualified for a mortgage. So I decided t...
Grant Francke
Buildium and Quickbooks work flow
Does anyone here use Buildium for property management and Quickbooks for accounting? I'm looking to see what everyones workflows are for each month. I like both products and they both have there place in our busines...