
9 May 2024 | 5 replies
My mom has a 3/1 with a fenced yard on 10th St, and we received dozens of applications at $1,650.

9 May 2024 | 20 replies
In our area of Seattle it's typically provided by the landlord and wanted to learn from the BP community what you'd recommend I do as a new landlord in Texas getting our investment ready for applicants

9 May 2024 | 16 replies
To answer your question on potential assets that are applicable for bonus depreciation, here are a couple articles I wrote with examples.https://www.biggerpockets.com/...https://www.biggerpockets.com/...If you have further questions, please feel free to reach out!

10 May 2024 | 22 replies
If you decide to use leverage you have to use non-recourse loan since you are considered to be a 'disqualified person' and therefore providing personal guarantee with conventional loan would not be allowed.The $50K or 50% of the balance limit you are referring to is applicable for a Participant Loan - that is if you personally need cash you are allowed to borrow from your 401k using those guidelines.

9 May 2024 | 2 replies
The builder will need to be approved by the Bank/Lender or the bank/lender can provide you an already approved builder they have used before in that County.Once the builder is approved the Bank/Lender will have a initial meeting and set up an agreed upon draw phase based on the work that will be completed in phases.Best thing to do is have a conversation with a seasoned Banker or Loan officer to start an application and set up step by step plan.Feel free to reach out if you have any questions I am always happy to help and talk REI.

8 May 2024 | 8 replies
If there is a pending RAFT application the case won't move forward until it processes and/or if the person owes more than $7k that you are willing to let go of the remaining rent or have a payment agreement in place.

9 May 2024 | 14 replies
Is your DSCR ratio greater than 1-meaning are you cash flowing (according to the lender's criteria of mortgage, property taxes and insurance (and HOA) if applicable).

8 May 2024 | 4 replies
You probably know some of her details like income from her application.

8 May 2024 | 5 replies
Unless you specifically took out a mortgage that is only applicable to the primary residence portion of the home, then the mortgage will be split pro rata between the two halves (so $150K each, in this case). 2.

8 May 2024 | 9 replies
Other hidden costs you need to consider when evaluating HM lenders:-Applications Fees-Administrative Fees,-Commitment Fees-Underwriting Fees-Origination Fees-Loan Servicing-Rehab Draw Fees-Inspection Fees-Interest paid on undrawn rehab budget?