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...
Meg K.
Panicking
Hello BP,I am not renewing my current tenant's lease after 6 years...lots of late payments, damage, and disrespect as i live in one of the units in the duplex. I posted in postlets for new tenants and have been scree...
Shawn S.
Tenant not responsive and unsure what to do
In case you didn't read my profile a short understanding of us. We have been renting for 8 years and we have been learning this as we go. We have recently started using Bigger Pockets which has been a HUGE help so t...
Kevin Phu
Purchase Vehicle to Uber
So an idea crossed my mind and I've done a little thinking about it. Wanted to see what the community's opinion is on it and if they feel it could be a good idea.General Info on my situation:Primary vehicle: No paymen...
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?