If you have a higher allocation to basic necessities, you have a lesser allocation to disposable & savings. 

I would definitely recommend transparency when looking for a partner to team up with for mortgages.We divide income evenly and we're both focused on putting any disposable income towards more properties, so we haven't run in to any issues there.

I recently got shammed by some guys clamming to be AAA septic tank disposal, to have find out from the next septic people i called. im having expensive septic issues and in terrible need of a new hvac and electric is costing us close to 600 a month:(  I am looking for any advice.

Hi BP,I am looking a REO property to Fix and Flip.I looked at the property and found mold on the ceiling and Asbestos tiles on the floor which as broken and scattered allover the house.when I was walking through the property with the realtor She told me that it has to be done professionally by a certified people and she also told me that I can not dispose it in a normal disposal.

Refinance fee: 1% to 3% of the loan amount.Loan guarantee fee: 0.5% to 3.5% of the original loan amount.Construction management fee: 5% to 10% of the renovation budget (not given if there is a general contractor used)Disposal fee: 1% to 2% of the sale price.

A broken garbage disposal or dripping faucet is not an emergency.3.

The commercial lenders I'm speaking with won't lend to me because the income is not listed on my tax return even though I can provide transaction statements showing that I haven't had a single month of vacancy in either room in 10 years.Supporting details:Property 1 - Primary ResidenceEquity: $200,000 Owe: $343,000Income: $2000/monthProperty 2 - Rental UnitEquity: $200,000Owe: $365,000Cashflow - $300/monthCurrently paying down $2300/month in principal a month across the properties(one is 15 year)2017 W-2 Income from my 9-5 is $103,000My budget is based off of a $70,000 base salary since I work in sales and after all of my fixed expenses are paid I have $3,000/month of disposable income to spend on food/life and I live a modest lifestyle.

And your not going to earn 90k worth of disposable income in the 3 - 5years you claim is possible by making your cited 3k a month no matter what tricks you try to play with the interest rates.

They look at the properties as "disposable" bc they can buy in cheap, rehab cheap.As investors, we should *all* make our properties nicer because it's the right thing to do.

I also utilized it for other small things that came up (dishwasher, garbage disposal, washer/dryer).