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15 January 2019 | 5 replies
It's easy to get distracted by the numerous ways people make money in real estate, so find what really excites you first and learn all about it.
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14 January 2019 | 2 replies
A few of the websites that I use are; https://factfinder.census.gov/faces/nav/jsf/pages/...www.bls.govwww.city-data.comThere are numerous posts here on BP that provide lists of cities that are considered some of the top cities for rental real estate investing.In fact there was recently one post that was started by Tom Otthttps://www.biggerpockets.com/forums/48/topics/657...
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14 January 2019 | 3 replies
Hello everyone, My name is Trusten Brown, 27yr old currently living in Pierce County Wa.A brief explanation of my current situation, I currently own Two duplexes in the Pierce county area both of which I have house hacked.
15 January 2019 | 11 replies
Tavish, Similar to other replies it will range on the market, however, 6-10% is very normal and I'm definitely willing to pay 10% if they property manager does a good job.Unfortunately, sometimes you don't learn how good of a job the property manager is doing until they've actually started managing the property.Obviously, there are numerous connections through BP that will help you find the right property manager for your specific market.
15 January 2019 | 2 replies
If you don't qualify for conventional financing, but have cash for down payment, then there are numerous "business purpose" lenders out there that will help you with a no income verification loan, depending on credit, up to 80% loan to value.
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16 February 2019 | 38 replies
@Dave Van Horn's explanation of all the different options available and the discounts you could buy at as well as the opportunity to help a borrower out of a tough situation.
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16 January 2019 | 14 replies
@John Mocker thank you very much for the detail explanation!
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14 January 2019 | 1 reply
Even though they will use my current numbers after verifying the lease agreements, they calculate DTI by adding NOI to the denominator, and debt service of the rentals directly to the numerator, as opposed to taking NOI minus debt service and then adding that result to the debt or income.
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15 January 2019 | 4 replies
when banks choose to stop U have no recourse or power to convince them otherwise.time to find alternate banks.. most will have a limit. usually a dollar limit.. so its just dialing for dollars have a great package show your bonafide and have numerous lenders.back in my HML days I had 6 banks that I had lines of credit with in the 2 to 8 million dollar range each.but and those were max that those particular banks would do for me. each was different. we were the same they just had their own formulas they followed. these are small commercial banks right .. they are not forced to making CRA loans or anything like that.
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15 January 2019 | 3 replies
Talk to the manager and get an explanation