Mike Hibbs
First flip under contract
4 January 2016 | 16 replies
hiring a contractor can be a way better option, he brings in his subs that he can count on and keep the timeline that you're shooting for, they can see things that you don't and give you better ideas on things that you missed because that's what they do all the time.
Jay Sechowicz
About to purchase 1st MFH, specifically duplex in Philadelphia
5 January 2016 | 9 replies
Don't count on rents to go up or for the home to go up significantly in value - treat appreciation and rent increases as a bonus.
Andrew Mestas
New to REI and BP!
31 December 2015 | 3 replies
Once you have a mortgage history you can count 75% of the rental income on new purchases towards income.
Skip Gilliam
Should I consider this deal for first investment?
4 January 2016 | 3 replies
Price $130000 (close to market value)Down Payment $2600Rent $1300Taxes $90Insurance $100PM $130HOA $53 Mortgage $526 $400 left after expenses not counting vacancy, or repairs cushion Thanks
Jeff S.
How to find a piggy back (80/10/10) mortgage on a MF property ?
4 January 2016 | 11 replies
I can count on one hand the number of times I've done it, it's a VERY niche combination that I stumbled upon.
Matt Powell
Fannie Mae won't allow "gifts" for investments, but what is that?
5 January 2016 | 3 replies
Does that count as a gift with Fannie Mae?
Marc M.
Lease + Option + Purchase Agreement = Rent-to-own?
6 January 2016 | 10 replies
Here is the scenario:Option Price: $400 (non-refundable)Rent: $400 / mo.Tenant's purchase price: $8000What I'm unclear on is whether or not the rent can count towards the purchase price...that's financing, right?...
Jerry W.
Eric Mauricio
What is/was Your Typical Day as a Newbie RE Investor?
12 January 2016 | 6 replies
I'm not counting on that, but it most definitely worth a try!!
Gloria Mirza
Need help calculating my debt to income ratio
5 January 2016 | 6 replies
I understand the basics that Principal, Interest, Taxes and Insurance (PITI) all count as debt.