Vince Le
Borrowers need to submit what documents to loan officier for refinance?
13 March 2024 | 8 replies
In general, a refinance requires documents proving the income of the borrower such as paystubs and W2s, as well as an appraisal of the property.
Sunny Karen
Slow scaling with cash or faster scaling with mortgages?
14 March 2024 | 11 replies
Hello BiggerPockets community,I am a new Real Estate Investor and would love to get some feedback on our strategy.Goal: Achieve sustainable income of net $10K/month, while the properties appreciate long term.
Larry Cersosimo
Thoughts on investing in mobile homes
15 March 2024 | 4 replies
Investing in individual homes feels more like an arbitrage play where you need net income to exceed lot rent to earn a cash flow.
Willie Holdman
Self Directed Roth IRA for real estate investment
14 March 2024 | 13 replies
You could consider using a non-recourse loan for the remaining amount, but you'll need to be cautious about unrelated business income tax (UBIT) rules.
Account Closed
tenant wants to stay for 3 years+, what to do?
15 March 2024 | 25 replies
You’re trying to lose more income than a PM costs, while doing all the work yourself.
Tyler Kowalczik
Advice on where to invest in Washington state.
15 March 2024 | 13 replies
@Tyler Kowalczik- thanks for the post ....1) get pre approved for a nypotehtical scenario so that you can make sure you can get financing and also so you can become familar with the process 2) you will need a down payment of 15% or more 3) once you know what a possible realistic loan payment looks like - do your reserach on what rental incomes are realistic and this should help with your decsion making .....the prices are high in LV ...Port angeles or P townsend might be better ......consider Kitsap county ( although its been increasing in value )
Hyeonji Oh
Multi family cash flow in San Jose
14 March 2024 | 12 replies
They can lend you up to $250,000 towards a down payment if you are a first-time homebuyer, live or work in the county, and meet their income criteria, which I believe is up to 120% of the area's median income.
Steven Taylor
rents going up
15 March 2024 | 20 replies
He is a great source for data on this subject.
Harry Brooklyn
Include or exclude Cap rate and DSCR in NOI?
15 March 2024 | 9 replies
* I usually set #4,5 at 5% of gross income
Jordan Reeser
Commercial building value questions
14 March 2024 | 1 reply
Say property owned by “property company” gets purchased by “business LLC” for the new value, which would be a new depreciation amount about 3x higher When refinancing a commercial building that is being rented out, the valuation will typically be based on the Net Operating Income (NOI) of the property.