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Hello, I'm trying to figure out how lenders compare rental income to the mortgage debt on a property when determining a loan applicant's DTI ratio. How are investors able to buy a property, place a tenant, and then qu...
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I am buying a place with old carpet wrapped around metal stairs. The metal is in good shape, secure and no wobble. I am doing laminate/vinyl throughout the rest of the place, just not sure what to do with the stairs.
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Found a property. Realtor says it needs a variance to be used as a 2FH. what is a variance? And how difficult are they?
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I am looking to refinance my primary residence. Our primary conventional we owe about 60% of the LTV. We have a HELOC for another 25%. So total our LTV is about 85%. I have reached out to at least 6 banks, some of whi...
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Investment Info:
Single-family residence fix & flip investment in Kirkland.
Purchase price: $750,000
Cash invested: $195,000
Sale price: $1,325,000
We sourced this deal ON MARKET, located in ...
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So I'm getting ready to close my first fix and flip deal in 2 days. I acquired the property using owner finance. My question here is .......... am I able to get a home equity line of credit on a property I am owner fi...
I am purchasing a 2 family home that will be owner occupy. Where can i get a lease for the current tenant that gives me the most protection? Thank you!
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I live in NJ but am interested in investing in Delaware. Should I look for lenders near me or where I'm investing - delaware? Does it matter?
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Hello all BP friends,
I am a newbie investor and have a question regarding the refinance portion of BRRRR. After completing the first 3 steps, what are the general criteria the banks are looking for to allow you to re...
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Hey everyone. Doing some DD on a 6 unit building and noticed it's zoned four up to 4 units only. Would you all want to see this rectified by seller before closing per contract or would you just worry about getting it ...