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10 May 2019 | 10 replies
same thing those will usually have a sunset and investor may or may not put their money back in .. in bad situations you can count on investor freezing up.then you have wall street they are going to be like banks.. although with the notes that are in force with long maturities they have to honor them.. but may not extend new deals.There is always some lending and there are certainly small mom and pops with their own cash.. but tight market affects all.. that's from my 3 decades of being a HML ..
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10 May 2019 | 4 replies
Typically, 75% of rental income counts towards DTI.
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15 June 2019 | 62 replies
Most syndications are counting on a refinance or sale event to cash out equity investors.
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10 May 2019 | 2 replies
The best GCs are going to want a guarantee of payment for their work.Seems like you've double counted carrying costs as you also have "loan interest" at the bottom.Good luck.
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11 May 2019 | 3 replies
Option one would be the count the property as originally four units and since you are selling one of the four you might be able to use a cost basis in about 25% of the property.
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10 May 2019 | 0 replies
Still had 6 leaks. 8 if you count the blown out shower water manifold and the toilet busting and running for 4 days.
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14 May 2019 | 3 replies
They typically will not count retirement funds and not allow you to borrowed the money.
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11 May 2019 | 10 replies
Lowest mortgage in the country AND his porn comment got him 200 upvotes & counting which must be some kind of BP recordhttps://www.biggerpockets.com/forums/530/topics/704333-found-adult-videos-shot-in-and-outside-our-portland-airbnb
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10 May 2019 | 2 replies
From what I understand, banks don't loan to investors who don't have two years of real estate management experience (which you can't get until after you've done your first deal) and won't count the rental income towards your debt to income ratio.
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11 May 2019 | 7 replies
I’d agree with Bob, you can get a pretty good estimate just by dropping down the bedroom count to the specific unit, and then multiplying that by how many units are in the multi family property.