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12 February 2020 | 99 replies
We have also encountered lenders who would count the debt of a commercial mortgage against us when applying for residential financing, but not allow a percentage of rents from that commercial property to be included in income.Once you arrive in the region of 10 mortgages, they all have ridiculous capital reserve requirements: CIBC wanted us to have $1-million in liquid assets when looking for a mortgage of ~$100K (at the time of purchase).The Big-5's internal guidelines fluctuate over time to fit their portfolio composition requirements - sometimes they are hungry/open to place mortgages on rental properties, sometimes they are reluctant - which is why you need to keep a rapport with several of them ... or use a mortgage broker.
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3 April 2017 | 6 replies
Anything else I should be looking for or using to arrive at a good price?
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12 June 2017 | 3 replies
Hello BP family!I am a 29 year old eager amphibious go-getter. I have 2 young children that I want to have the time freedom to spend with them and the funds to help them achieve whatever it is they want when they are ...
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8 November 2010 | 0 replies
Normally landlords would collect deposit before handing in keys, but it was Saturday when we arrived and they allowed me to move in.
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7 February 2019 | 11 replies
@Tyler Schochenmaier If you are going to end up in the DC area, I would suggest making a purchase as soon as possible, and renting it out until you arrive. interest rates, and prices in the area will be rising.
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11 July 2018 | 7 replies
In assessing the deal you can arrive at your target return number and work backwards through the expenses.
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9 January 2017 | 12 replies
When I first started, it took me a while for each house, but I'm typically able to arrive at an accurate ARV within a minute now.
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18 September 2017 | 4 replies
I am working on a wholesale deal and need some guidance at arriving at ARV.
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19 October 2015 | 18 replies
I just arrived in the city last week, and I'm looking to meet other investors, rehabbers, wholesalers, realtors, and anyone else who's interested in real estate in the Tampa area.
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9 May 2018 | 3 replies
Guess who called that day wondering when we would be arriving?