Marcus Doucet
starting out with a mentor
31 August 2014 | 10 replies
I understand the competitive aspect of the industry but in my background in business, some of my best ideas and resources have come from my competition.
Alan Lambkin
Newbie from Shrewsbury MA
27 March 2018 | 33 replies
Welcome to BP community @Alan Lambkin It is a great place to meet new friends and learn about various aspects of real estate and more.
Richard Alvarez
need an attorney in San Diego
2 September 2014 | 3 replies
I manage a restaurant and have a tenant that has consistently been paying late and has now stopped paying.
Andrew Barr
New to BIggerPockets
2 September 2014 | 18 replies
Welcome to BP community @Andrew Barr It is a great place to meet new friends and learn about various aspects of real estate and more.
Brian Mitchell
New member of Bigger Pockets
2 September 2014 | 11 replies
Welcome to BP community @Brian Mitchell It is a great place to meet new friends and learn about various aspects of real estate and more.
Samuel Getant
Newbie from Worcester MA
8 September 2014 | 11 replies
Welcome to BP community @Samuel Getant It is a great place to meet new friends and learn about various aspects of real estate and more.
Sidique Koroma
New Wholesaler in Atlanta, GA
2 September 2014 | 6 replies
Welcome to BP community @Sidique Koroma It is a great place to meet new friends and learn about various aspects of real estate and more.
Natalie Dunagan
Private money
1 September 2014 | 7 replies
Welcome to BP community @Natalie Dunagan It is a great place to meet new friends and learn about various aspects of real estate and more.
Will Uter
New(ish) buy & hold investor in Baton Rouge, LA
2 September 2014 | 9 replies
Welcome to BP community @Will Uter It is a great place to meet new friends and learn about various aspects of real estate and more.Set up keyword alerts to be notified of the topics that interest you: http://www.biggerpockets.com/alertsWishing you the best!
Matt Cramer
Starting an investment company
2 September 2014 | 14 replies
HI Troy,Regarding lending based on DCR and cash based debt coverage, DCR is mainly used by commercial, local, and business oriented bank loans, while conventional financing and residential 1-4 lending generally focuses on debt to income.45% Debt to Income (DTI) = $2.22 dollars of cash flow or gross income needed to be shown for each dollar of monthly obligation you're looking to qualify for50% Debt to Income (DTI - $2.00 dollars of cash flow or gross income needed to be shown for each dollar of monthly obligation you're looking to qualify forThe above are some examples as each bank has different ranges of requirements.If the max is 45% DTI and the borrower is seeking a mortgage of 1500 but net rents are 750 then they are seeking to qualify for a net -750 which requires 2.22 times the income to receive an approval which means they need 1665 gross monthly income.Hope that example helps conceptually explain the residential vs commercial lending aspect.