Jennifer Connolly
Paying down Car Loan to Improve DTI
Hey folks,
I'm planning on getting a preapproval soon, but I have a DTI issue I need to resolve.
I pay $380 per month for my car and have 16 months of payments left on it. Unfortunately, with my low inc...
Dennis O'Loughlin
To use equity or wait for Brrr
We need some good advice please. We have a sfr we paid cash for and is worth more than when we bought it. We have a great house we'd love to get but we cannot quite get the down and closing costs right now. If we w...
Patricia Chang
Calculations on ROI
When you're calculating ROI for cash on cash return, do you take out the principal of the mortgage to calculate interest only, or the entire mortgage payment?
Matthew Ray
How to structure private money for brrrr?
I'm looking to acquire a turnkey property. The cash flow is about 500. However I don't have enough for the down payment. If I borrow private money for the down payment, how do I structure it so that I can still have...
Mike R.
Is accepting ONLY electronic rent payment illegal/discrimination?
curious if we included as part of our tenant eligibility requirements that any payments (late fees, rent, utilities, etc) made to landlord MUST be in electronic form (i.e. wired) considered discriminatory or illegal? ...
Nghi Le
If you have just enough for down payment, you don't have enough
I see a lot of people asking, "How much down payment does a hard money lender require?" My quick answer is 10-25%, primarily dependent on the lender, but can also depend on experience, credit, etc. But I honestly thi...
Walt Waters
Logic behind add back principal payments
Hello everyone, Can someone please help me answer this...This question pertains to line 56, "Add Back: Principle Payments" in the REIpropertyanalyzer.xls. I downloaded the REIpropertyanalyzer.xls from BP and it's been...
Jess White
What is your favorite way to accept rent from tenants?
What payment method do you all prefer when it comes to accepting rent? I’m looking for something easy, organized, and hopefully automated.
Marco Solis
HELOC VS Cash Out Refinance
I am new to the real estate investing field and am seeking advise between choosing a HELOC/Cash Out refinance loan for funding.My primary home is paid off and valued at approximately 600k. I am looking to get a loan f...
Alfredo O.
Rentals
I have a property that looks really good in the Ft. Worth area, but I want to test the rental side of the house. I would prefer not to pay cash for my property....What is the best way to finance rental properties?