Austin Schneider
Buying a cash flowing condo that can't be financed in the longrun
23 March 2018 | 4 replies
My question is- am I better off continuing to save and buy something bigger/better later down the road OR do I jump into this as a temporary primary residence and future long term rental?
Maria Luna
New to bigger pockets.
24 March 2018 | 17 replies
This is the one aspect of investing that as opened so many doors for me and continues to do so.
Milan Obradovic
What makes more sense “as a business model”
27 March 2018 | 1 reply
I am deliberating two possible scenarios for myself in the future to continue down the path of working for my self and family as well as investing.Scenario:80k-100k cash on hand not in a rushOption 1 potentially:Find a older duplex 30-40k for cash with a higher estimated arv than the projected rehab, rehab property, rent, refinance.
Olivia Umoren
Student Loans & Mortgage Approval—DTI Issues
24 March 2018 | 31 replies
great question ...student loans are tricky .....depending on the type of student loan you have and the loan program you might use - the loan underwriting may vary based on what payment is used for qualifying purposes .....if your payment you make on the loan is a fixed/ constant amount and if its a fully amortized amount for the loan and if this amount appears on your credit report - more than likley this is the amount that will be used in your qualifying ( debt/ income ) ratios ........if this isn't the case - the lenders may use 1% of the loan amt ( which could be higher that the actual payment you make ) ...............get in touch with a lender / loan officer ...get pre approved so you know how this is treated ..this process is free and should be relatively easy .....by doing this you will answer many of your own questions ...I hope this helps
Christopher Veljkovic
ARE ALL FHA LOANS THE SAME??
4 April 2018 | 1 reply
They have a set of rules to go by for qualifying you, but the rate/terms could vary from lender to lender.Shop around like you would for anything else.There is a Credit Union here in San Antonio that will pay up to$5k of your closing costs.
Steve C.
fannie mae non-warrantable loan for condo purchase
23 March 2018 | 3 replies
Some of that should take shape on its own as it will continue to be much easier to finance owner occupied units in the building rather than investment.
Alexander Jones
New investor based in Los Angeles, looking at markets elsewhere!
10 April 2018 | 23 replies
We continually push rents higher and higher.
Paul McLaughlin
Purchasing Home and Appraisal came under expected value
27 March 2018 | 3 replies
They simply do not vary that much that range.
Cameron Cocchi
Mortgage rate on a 3 family in MA
26 March 2018 | 1 reply
Three possibilities when you get a mortgage in a rising rate environment, assuming 30YF financing:- Rates continue to go up, you're glad you got what you could when you could.- Rates stay the same, it's a wash. - Rates go down, you refinance and harvest the cashflow improvement.
Wellington Johnson
24 yr old in Knoxville, TN interested in Real Estate
9 April 2018 | 5 replies
I had no idea about the obstacles that needed to be overcome in getting financing, finding deals, etc, but I kept learning and reading and at the same time finding a job where I could have steady income while I continued to learn.