Shane Zilinskas
Purchase then refinance to DCRS to pull out down?
My understanding is you can get a DCRS loan at 1.2 - 1.25 debt service coverage.
Assuming the property is currently being used for short term rentals:
What is stopping me from acquiring a property having less than t...
CL Ziegler
20 percent down, always? (is it possible to do less?)
Hello,
Is the 20% down payment guideline a fixed rule across the industry? Or, is it possible to get a mortgage on rental property for a smaller percentage down payment? (maybe 5-10%, or even *gasp* no money ...
Chris Fritz-Grice
Life Insurance Loan affecting DTI
Hey everyone! Just bought my first property in May and looking to get into the next one soon and my question is: If I have my money in a Whole Life insurance policy and borrow against that for a down payment would tha...
Account Closed
San Diego prefab housing development and AirBnB success story
Hey BP. A few years ago I started working on a degree called a 'Masters of Real Estate Development for Architects' (MRED) at Woodbury University in San Diego after getting jaded in a traditional Masters of Architectur...
Michael Sarrail
Turnkey Properties overpriced?
Can of worms being opened? Yes, I know ... sorry. But I do have what I believe to be a legitimate question and hope to get some honest feedback.Now, I know there are lower cost options on buying rental properties. You...
Marshall White
Advice for a tenant breaking a two year lease
Hey everyone! I'm new to BP and wanted to get opinions from other landlords or PM's that have dealt with this type of situation. I have a tenant who signed a 2 year lease in March 2019. They just informed me that they...
Johnny McKeon
Seller financing on 6 unit apartment in PHX East Valley
Hey 👋 guys, I'm currently under contract on a 6-unit apartment building in the East Valley of the Phoenix MSA and the seller's are willing to carry the debt with 18% down at 6% interest only for 12 months. This is a ...
Porf Fenton
Switching from one single-family rental into several STRs
Hi, BP!Need your advise, please. I will provide as many details as I can so you can get a full picture of where I stand and where I think I may get if I go through with this plan.(1 USD = 20 MXN for a quick conversion...
Max T.
Most repetitive topics on BP
What are the topics that come up on BP way too much?
LLC or not?/ transfer to LLC
Guru stole my money guru is a scam
Best flooring for my rental
Any others?
Tyler D.
Disregarding the 1% rule?
I'm looking at property in the state of Oregon, which has had amazing appreciation but poor (starting) cashflow. Basically the only properties I have found that break 1% are in rural areas, or dumps, or both.
I'm loo...