Michael Hutchinson
What should go in a good lender packet?
8 March 2018 | 2 replies
I was thinking about putting in the following:Personal financial statementPrior rent rolls on the property for 3 yearsSome type of public report on the value of the complex (zillow or other) ... not sure on this oneA profitability statement ... thinking about using the one on this site from https://www.biggerpockets.com/real-estate-investme...
Justin Murray
Hello from Tacoma. I'm new here
10 March 2018 | 10 replies
@Justin Murray Welcome to the site !
Dan Goodwin
Looking at first Deal... Now what??
8 March 2018 | 2 replies
JD Thanks for the reply, I'm aware of the inspection/repair contingency in terms of backing out of the deal if rehab costs are too much, but would that allow me to be guarded against claims I or one of the contractors damaged something while on site?
Amanda B.
New here and first bout with awful tenants
13 March 2018 | 65 replies
Never rely on tenants to repair problems.
Jerry Hsieh
Getting serious about buying first property! From Irvine, CA
21 March 2018 | 5 replies
Naturally, I have been reading a lot about real estate investing and have been just a consumer on this site for years.
Manuel Angeles
Does Being a G.C. count as Experience for Hard Money Loans ?
10 March 2018 | 3 replies
@Manuel Angeles I agree with Nghi Le in his statement above.Although you have experience on the job site (which may give you an advantage on tough rehab projects) most lenders want to see the number of successful sales you've directly been associated with (meaning on title to some extent).
Ben Minnich
New member looking to make connections in my community!
8 March 2018 | 1 reply
Hello @Ben Minnich, welcome to the site!
Sam Burnoski
Using loan for 20% down payment- Will I be approved for mortgage?
9 March 2018 | 10 replies
Donated hours are okay when you start out, but this property is going to be relying on them for a long time unless your rents take off like a rocket..If your goal is to build equity, just put money into a bank account.
Jonathan Taylor
Did you do this for your first loan?
10 March 2018 | 6 replies
Jonathan Taylor Your problem relies on being an independent contractor, or self employed. 99% of the lenders are going to have the same answer.
Aaron Schick
HELP!!! Low ROI SFR...Analysis paralysis requires your expertise!
9 March 2018 | 15 replies
Thats a far better strategy for the long term as well as much easier to manage as you will be on site instead of 9 hours away.