Hi fellow BPers!
As the title states I have an issue with debt to income I'd like some perspective on, if possible. My situation:
- I live in Orange County, California where 3br condos go for minimum 500K
- I own 1...
I hate to post about the cliché problem of a toilet not flushing at 2 AM, but I'm currently dealing with this problem with a particular property under management. They have received 3 emergency calls (and charged me a...
I have a property that I bought on Dec 6 2021 at a tax sale for $70K in Shertz Texas. I put $64K into it, new roof, upgraded to 200 amp electrical, rewired 100%, all new plumbing, beautiful original hardwood floors sa...
Hello!Is this a good investment? I would live in the basement 1st year and rent out all 3 units afterwards. Thanks!!First time home buyer here, just put an offer on a 2 flat in Chicago. My offer is $184,000 and I am f...
Hi BP,My lender (a local bank in PA) pulled out only a couple of days before closing. Underwriting said our usable income is not sufficient for the bank to grant the loan.A mortgage officer from another bank is workin...
Hi All,New to BP and my first post. I'm a relatively young buck (28) who has been focused on the equity markets to build my capital over the past few years. I've worked for a real estate private equity firm specializi...
I'm trying to decide which route to take, I have a new LLC trying to build business credit. I purchased a duplex using my personal credit, trying to decide which would be the best approach in getting more properties...
Hi BP,My turnkey long distance investment in Memphis TN went okay until the tenant stopped paying her rent last August.The PM evicted the tenant last December (several months of non payment). I had to pay $5500 rehab ...
Situation overview: New rehab. Luxury-type, but not the highest high-end. High end would target $2500 rent. Median rents are ~$1,500. This one is at $2000. Pet heavy market and unit will go on market off-season ...
A bevy of negative news this week has once again stoked fear that an economic downturn is imminent, however recessions don’t always impact housing with the same force as the job market or other sectors of the economy....