14 September 2024 | 10 replies
However, if this total income number is negative it will count against you like any other liability would (think car loan or other mortgages with no rental income or credit card min monthly payments/etc) against your DTI.DTI is typically maxed out around 45-50%, so half of your monthly figure so if you make 10,000 gross per month your max liability at @50% DTI is 5000 a month max payment.
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14 September 2024 | 6 replies
If so, is the gain simply divided to 50:50 between 2 units?
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9 September 2024 | 5 replies
We wanted to help this family avoid that pain, so we decided to loan them $5,000, expecting it to be repaid at closing.At that time, we had about $10,000 in our business bank account, so this loan was significant for us.
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14 September 2024 | 6 replies
There's a lot of opportunity for that in the Highlands area of Denver with some of the older larger homes there and also in Arvada because the hills make it so that some basements are walkout and can easily be divided into an up/down duplex.
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4 September 2024 | 0 replies
So, pose something like, “Hey, look, I've got this investment.
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9 September 2024 | 28 replies
I'm in the Los Angeles County area so saturation is a real concern.
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14 September 2024 | 4 replies
I would like to know if the 11.02% answer is correct and if so how did they get it lol because like you said the rest of the IRR equations check out in the chapter.
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15 September 2024 | 9 replies
I liked him and what he was offering (and being in the coaching space myself, I’m not at all bothered that he was selling something) but I’d never heard of him before, so I wanted to do a bit more digging before signing up.I am curious if anyone in the BP community has had experience specifically with him, his courses or coaching program and would mind sharing their thoughts.
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14 September 2024 | 3 replies
So hence the cowboy house was born out of this and this was one of our more fun projects!
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8 September 2024 | 29 replies
People want speed to lead so they are called ispeedtolead, too gimmicky for me.