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Results (10000)
Marcus Watson Trying the BRRRR in the Detroit Market
11 June 2024 | 7 replies

Hello All,I’m new to site, but I’ve heard lots about it. I’m a newbie investor {one property} so far in Detroit. I believe the BRRRR method work best from what I’ve read. My question is, would anyone know best zip cod...

Account Closed Annual Income Verification Required By the FDIC?
10 January 2018 | 17 replies

Letter from the bank today says that I must verify my income every year on my 1-4 Family Non-Owner Occupied Mortgage.They say this is a new change in the FDIC regulatory requirements.I can't find a dang thing about it...

Jeremy Altdorfer 20 units multifamily owner can't show proof of income via bank statements
16 October 2024 | 11 replies

So there is a 20 unit building I'm attempting to buy, I made an offer of 1,500,000, 60 days inspection period and cash close, need to see 3 years of bank statements as proof of income. Owner came back at 1,550,000 wit...

Drayke Jacobs-Van-Tol Renting to someone from out of state
13 June 2023 | 3 replies

Scenario: you have an applicant that is moving across the country and puts in an application to rent your house and you require 3x rent which is 85k a year. The applicant has a partner who brings in 45k and the applic...

Jacob Hanson Tenant screening: Debt-to-Income or Rent-to-Income?
4 June 2019 | 4 replies

It seems like it's most common to use a 33% rent-to-income ratio to screen tenants, but debt-to-income seems like a smarter way to screen tenants to me.  A tenant may have a good RTI, while having a poor DTI.  Isn't i...

Albert Chun What questions to ask when purchasing a home?
21 October 2019 | 3 replies

What questions would you ask an agent when purchasing a home?

Andrew B. OOS Investing: Due Diligence with Rehab & Contractors
15 September 2020 | 2 replies

Hi BP!  I'm a new BRRRR investor looking to get my system in order for an impending purchase.  All steps of BRRRR are important, but I can see a mismanaged rehab making or breaking a deal.  I am looking for advice on ...

Jimmy Park 4-plex: Help and Insight Appreciated!
20 January 2014 | 4 replies

Hi all - wanted to get feedback on a particular deal, would really appreciate any input as I would be a first time purchaser. Details below, numbers are approximate:

+ Asking Price: > ~$400,000

+ Re...

Dustin Dumbravo Deal Analysis- First timer
5 May 2020 | 5 replies

Looking to do a first time real estate deal as an investment. I’m active duty so looking to buy in my last duty station area. Looks like the numbers and analysis is already ran..just don’t know how good of a first tim...

AL DURAN TheEscrowProcess:No letterhead on Wiring Instrucs & more quests.
21 September 2017 | 8 replies

Hello Experience RE Investors & ProffessionalThis is my first post, Im currently in escrow doing a cash deal. I have a few questions.I went to  sign escrow docs about 2 weeks before closing escrow, I was never mai...