Eric Palmer
New dentist: balance between paying student loans & beginning REI
Good morning BP! First post, here’s my intro: I’m a new dentist finishing a 1 year residency training soon, the plan is to then work in a group private practice for 2-3 years then become a practice owner.One big quest...
Account Closed
All liens cleared in NJ Sheriff Sale?
I am trying to understand the process of Sheriff Sale for Bergen County, NJ (judial foreclosure). After calling Sheriff's office and talking to real estate professionals, they state that all liens (excluding tax liens...
Thomas Klein
DTI stopped my refinance
Hey all,
Hope everyone is doing well. I wanted some feedback on a great problem to have. (I think...)I thought I had good rentals. Haha
The credit union I use (Space Coast Credit Union) told me my DTI was too high ...
Rhondalette W.
Please advise-15% down or 20% down- gift money issue
I am in the process of purchasing my 2nd and 3rd properties with conventional financing from the same lender. Originally, I planned to put 20% down on both properties because I thought that it was a REQUIREMENT that i...
Laurieann Frazier-Duarte
Considering converting primary home into first rental investment
Hi Everyone,
So, I live in a location (Rockville, MD) mostly consisting of high-priced properties and find it difficult to consider SFHs for buy-and-hold purposes. My strategy of interest is with buy-and-hold of SFH...
Billy Mcavoy
Paying down additional principal each month
I’m a first time home buyer and looking for some advice. I purchased a condo in December 2020 (in DC) and currently live in my unit. I’m moving to NYC in mid May and will be renting out my DC condo around June 1st. I...
Brandon Maxwell
Architect Turning Developer in Blacksburg, Virginia
Hello everybody. My name is Brandon Maxwell and I am an architect in Blacksburg, Virginia. I have wanted to become an architect literally since I was 5 years old. The built environment and the process by which we alte...
Phil Deshay
Is it possible to refi with good credit but high debt to income
I have dealt with a couple of lenders whom have told me initially they could get me refinanced but it came down to the same thing each time, which was everything looks good except my debt to income ratio is high. This...
Harrison Wolpoe
SFR Lenders / Valuation
Hey BP,My business partner and I have purchased a couple of SFR in the 40-60K range for cash, and are looking at ways to recoup our capital. We have reached out to a few lenders but it is hard to find debt other than ...
Kiran C.
Refinancing and paying off Rental
Hi - in the process of refinancing and paying off rental. Thoughts on then transferring the property into an LLC. This would be the first rental and the thought was this would insulate the property from any possible...