John Winters
Is This Plan Financially Feasible? Northeast Multi-Family, then Move South?
29 January 2025 | 5 replies
THEN, I plan to purchase the second home using a FHA or conventional loan (3%-5% down), for which I will likely pay the monthly cost out-of-pocket, maybe with some rental income support if it is a duplex.My concern is, I do not want to spend my savings or weigh down my debt-to-income ratio so much so that I cannot qualify for and pay the down payment and closing for the lending on the second home.Questions: - With the first home being multi-family, 75% of the rental income (or potential rental income initially) will relatively either maintain or boost my debt-to-income ratio from lenders' perspectives, right?
Darnell Holland
Tear down rebuild numbers
20 January 2025 | 5 replies
How do you finance the tear down do you add it to construction?
Alex Hymanson
Self-Storage Opportunity - requesting guidance
3 January 2025 | 7 replies
So when you need to go check on things, rent units, meet contractors, etc, you're jumping in the car for 6 hours, spending 1hr there, and I'm thinking after a full days's work.
Jeremy Beland
Stop Losing Deals! The Secret to Closing More Real Estate Sales Isn’t What You Think…
24 January 2025 | 2 replies
• The “Tour Guide” makes the opposite mistake: they spend all their time pointing out flaws and justifying a low offer.
Brad Kremer
How to access equity for HELOC on MFR duplex in TX?
27 January 2025 | 3 replies
I've got about $525K in equity in the property, but lenders have told me that I cannot get a HELOC to access that equity for additional purchases because the duplex was financed as an investment - they have said TX law dictates that HELOC can only be used on primary residences.
Jonathan Greene
Are the forums on BiggerPockets getting worse and worse or is it just me?
23 January 2025 | 52 replies
The entire focus is on new people because they spend on more.4.
Andres Canas
18 year old ready to learn
27 January 2025 | 2 replies
You will also quickly learn how to manage properties well instead of spending decades figuring it out like most investors.
Paul Novak
Small & Mighty Real Estate Investing
21 January 2025 | 14 replies
Your strategy takes advantage of your employment cash flow and ability to control discretionary spending.
Linda M.
Security deposit increase for NYC lease renewal
17 January 2025 | 3 replies
Here's the deal: You don't need to withdraw and return the current security deposit just to collect the additional $100.
Christopher R.
Homeowners Insurance/Landlord insurance/Umbrella insurance
23 January 2025 | 15 replies
Loss of use is foryour additional expenses if you can not live there due to a covered claim (ie.