Hi, My business partner and I are getting ready to cash out refinance one of our rental properties. I'm new to DSCR loans and I was wondering if anyone would be able to help? The property is a SFR. How long of a process does it normally take? What are rates typically? Who has the best loans/terms...
I am still new to RE Investing. I am a small business owner and have been trying to figure out how to purchase an investment property under an LLC for the protection it provides. It have tried a local credit union in the past and the business rate they offered rendered the deal unprofitable. I ha...
Property managers often sell owners on separation from tenants, anonymity (which should not be confused with asset protection), compliance & access to more responsive vendors and better vendor pricing. But hiring a PM does not automatically transfer risk. In fact, many management agreements leave...
A lot of investors focus on the purchase price, rehab budget, and ARV, but holding costs can quietly eat into the profit. Before closing, I think it’s important to account for things like interest, utilities, insurance, taxes, maintenance, and the possibility that the project takes longer than ex...
Looking for like-minded investors and outdoor enthusiasts who may be interested in co-ownership of a SFH in Mammoth Lakes. 3-4 bedroom, 2+ bath, price range up to 1.1 mil. Looking for individuals willing to invest some capital for up front renovations if needed. We are CA natives living and worki...
I’m trying to get better at analyzing rental deals and I’ve noticed that the obvious expenses like mortgage, taxes, and insurance are usually easy to account for. I’m more curious about the less obvious costs, such as maintenance, vacancy, turnover, property management, or unexpected repairs. Whi...
Hello everyone. First time poster and long time fence sitter. I recently bought a SF and have this ball rolling. I am currently attacking a market with my agent and I am seeing some great fits for my buy box. Two opportunities have come my way in a market that is incredibly aggressive. If the pro...
Hey, I'm getting ready to purchase my first single family investment property. I have money saved up for a down payment plus more and good credit. Should I go the conventional loan or DSCR loan? I want to scale up after my first property
Hi everyone, I live in VA now but still have a rental in Bexley Park Delray Beach 33445. Bought in 2000s 3/2.5 townhouse, rents 2400 but needs work, HOA and insurance up. Tired of managing from far. For those who sold out of state rentals, did you list with agent or sell off-market speed? What di...
What apps should I use for setting up a system to invest in tax deeds? Do I need a CRM and a acquisition manager? Do I really need to know how to work excel spreadsheet to the T or just basics? Should I use propstream? I want to contact the owners of tax deeds /pre foreclosure before they hit the...
Hello everyone, I’m a beginner investor looking to get started with short-term rentals, but I’ve been following the news and it seems like many cities are tightening regulations, issuing stricter permits, and enforcing occupancy rules. I’m trying to understand whether STRs are still a good strate...
When analyzing a rental property, how do you calculate cash-on-cash return? I’ve been looking at how different investors account for the total cash invested. Beyond the down payment, do you include closing costs, initial repairs, renovations, and other upfront expenses? For example, if a property...
I recently went UAG on a single family flip in Hudson, NH. Deal looked great on paper, but fell short in some categories. Outside of the additional work that I didn't forsee until my GC told me (roof lining is off/not installed properly), cost of materials, complete gut vs, partial gut - list goe...
Been looking for turn key buy and hold properties, having a difficult time finding ones that cash flow with 20% down using 6.5% -7.5% rates. Is anyone still buying/investing and putting 40-45% down to make sure the properties cash flow in the DFW area?
I have a couple in mind. David Greene's The One Brokerage is on my list but that's just because I tend to trust things related to Bigger Pockets, they have been helpful and the associate seems on point. But before I decide who to go with and get a hard pull for a pre approval, just wanted to get ...
Hi, I'm 18 years old and a senior in high school. I'm new to the BiggerPockets website and forum. I'm choosing to not go to college next year because I don't believe it takes a degree to become financially independent with real estate. I want to gain experience and get involved with real estate. ...
When evaluating a market for a potential investment, which indicators do you pay the most attention to? For example: Rental demand Home price trends Inventory levels Interest rates Population growth Employment growth Rent growth How do you combine market-level data with property-level numbers bef...
Currently looking at buying a duplex in the Fort Worth area. I have 1 rental property at the moment. I am wondering if I should do a DSCR for the new property, that will cash flow vs a conventional. Is DSCR simply worth it for the convenience and the fact that I will likely refinance in 5 + years...
Husband and I are looking to finance a single family home in Delaware. I got a couple of quotes for DSCR loans, but they seem high. 20% down on a $630k property, for $505k loan @ 7.5% (or buydown with 2 points to 5.5%, 1 point to 6.375). Husband and I are purchasing for AirBnb purposes. High seas...
Hello BP! I have a goal to complete my first flip this year. I don’t have all cash in hand, so I’m looking for a hard money lender. Does anyone in the Kentucky area have any recommendations for hard money lenders that they’ve worked with? I could go online and find someone, but I prefer to rely o...
Hey all, I have 2 Single family homes in Detroit which I BRR and now need to refinance to repeat. Having a hard time finding a lender which can refinance the homes individually since they each would be $80K (70%-75% LTV) or that can cross collateralize both into one loan of $160K with a 6 month (...
Hi I’m Ayden 19 and am interested in the multi-family based rental businesses however im in schooling so i have little to no income how do i start off and if i start smaller what do you suggest I start with like a smaller buisness or a smaller rental size although I noticed the sites with more un...
Hey BP community! I am running low on personal capital so buying a property outright is difficult at the moment (until I refinance/sell my BRRRR projects going on right now). I was wondering if anyone has any experience of buying a move in ready investment property using a DSCR lender then Refina...
Hello, our house is paid off and recently I came across an HEI (Home Equity Investment) from e.g. https://point.com/ In short, a company gives us about $100,000.00 for up to 30 years and uses our house as collateral or safety. So, we don't have to pay any monthly interests or fees etc. The way th...
Hello! I'm a new investor getting started with BRRRR in the Detroit area. I thought I had found a couple lenders who would do fix and flip loans with new investors. However these lenders still require an appraisal, contractor estimates, etc. before closing. That means I can't use these loans to m...