Anil Shah
Using Agent Commission towards down payment for my own Investment Property
24 January 2025 | 10 replies
Yes you can use commission as sourced funds for down payment on a conventional loan.However some lenders have internal overlays that don't allow it.
Sebastien Tinsley
Looking to begin my journey into REI
13 January 2025 | 45 replies
.- This will allow low down payment and the 203(k) allows repairs to be financed into the purchase mortgage.- The 203(k) will allow you to bid on properties that need repairs that won't qualify for a traditional mortgage => less competition => better purchase price.You will need to find a great local contractor you can trust to supply the required bids to qualify for the 203(k).- After closing, you can do some of the work yourself to save money, but the program doesn't allow you to pay yourself.You will want to buy a Class B property, maybe Class C+, in an area that seems to be improving.
Marshal Butterfield
New Member Introduction
15 January 2025 | 9 replies
My ultimate goal is to acquire enough real estate to achieve financial freedom, allowing me to travel, provide a comfortable life for my family, and teach my children about discipline, financial literacy, and the wealth-building potential of real estate.I’m here to learn, share, and connect with others who share this passion.
Tyler Davis
QuickBooks Plan for Managing Rental Properties
7 January 2025 | 3 replies
As you said, this allows you to track LLCs (locations) and properties (classes and/or customers).
Joel Florek
31 units in 30 months at age 24, $70k Annual Cashflow
9 January 2025 | 116 replies
We want to be traveling and sailing throughout the year, not just when a job allows me to use my 10 days of vacation.
Cody Caswell
FHA Loan for Primary House - Full Time Real Estate Investor
5 January 2025 | 7 replies
This would probably allow me to qualify for the FHA loan if this is true since the giant loss is throwing off my DTI.
Mark Forest
Matt Scott
20 January 2025 | 9 replies
He provided great guidance and support while I was starting out in the "private capital" space which has allowed me to achieve financials prosperity in just 4 short years.
Duncan Forbes
Would like Suggestions on Foreclosure Buying
11 January 2025 | 31 replies
Other states you must cure within 5 days of the sale and the lender can allow it or they can refuse.
Andrew Schaff
Hello BiggerPockets! New PRO here
14 January 2025 | 7 replies
We don't allow any "deal-making" in the forums, which includes advertising your services or properties, looking for partners, etc.
Geoff McFarlane
Sell our home or rent it out?
20 January 2025 | 7 replies
This approach will allow you to focus on the financial benefits rather than the day-to-day operational tasks.Additionally, consider how this rental income will contribute to your overall financial picture.