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I have a mortgage on my primary home, and 3 other mortgaged rental properties (making that 4). I have two other rental properties that I bought in cash. One I was able to get a HELOC on. The other, I tried to ge...
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I'm currently a college student and have been looking for multi family properties to househack in Connecticut. I have a credit score over 700, been at the same job for almost 2 years, etc. the only issue is that I gro...
I have been listening to the podcasts, reading, studying and using most of my free time to learn how to invest. I have learned much from other investor stories but I have yet to come across a success story of a person...
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I've heard conflicting stories as to what liability the seller has in a assumable mortgage. I've heard that because the seller is relieving a debt that the IRS would see that as income for the seller. I've heard this...
Hey there BP family. Normally I would never plan to take a loan for an investment. My wife and I follow the Dave Ramsey plan for Financial Peace and only purchase what we can afford. Our company business model seeks t...
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Hi All,
I am looking to purchase a rental property in Canada, I have been on the phone with so many lenders and they keep telling me the same thing about requiring my personal income to qualify for the mortgage. Basi...
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Is refinancing creating more debt?
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Hello everyone I am a 25 year old investor in Indiana. I currently have 5 single family homes right now. As a young investor I am very driven to get more properties. My question is how hard is it to get approved for a...
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Let’s say you live in one unit of a 3 family and the other 2 income will cover mortgage payment, Would a bank ever approve you for buying a property with no other income, provided that you make a down payment?
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Hi everyone,I plan on investing in real estate I am conflicted...Currently I owe $31,000 in student loans, I can't remember my interest rate but it's under 6%. I also owe $10,400 on my car and I have a $700 left on my...