William Coet
Will Banks Lend Money in Addition to Mortgage to Replace Roofs After Purchase?
Will Banks Lend Money in Addition to Mortgage to Replace Roofs After Purchase? Looking at 40k for roof replacement.Thank you
Seth Mosley
Hitting the 10 mortgage limit
suggestions as to what I should do hitting the 10 mortgage limit? I could do hard money but that doesn't seem to be a good long term solution. Or just go all commercial? Any thoughts?I'm currently at 7 conventional mo...
Sandra Johnson
Underwater now, what's best way to get out?
I'm a new member, just days old to this site, not sure I'm posting to the most appropriate forum. Friends praise this site, I'm seeing why!
I've read lots of rent vs sell topics, some applied to me, some not.
I live...
Don Sheppard
Hi from California
Hi everyone, seems to be a great forum. I've been doing a fair amount of reading through here for several days and just registered this morning.
I'm a remodel/general contractor and am more recently getting into the ...
Brenton Fowler
High Appraisal for a BRRRR
Hello, I'd like to pose a hypothetical situation. I'm curious on how members of this community would handle it.Let's use a typical BRRRR example, buy for $50k, $25k rehab, with the hopes of a $100k ARV and $1k rent. I...
William Zheng
BRRRR vs Using Loan without refinance
Hello.
I just finished reading David Greene's "buy, rehab, rent, refinance, repeat". It's a great book and I wish I can read it earlier. I am planning to do the BRRRR. I save enough money to buy a house in Greensbor...
Stephen Spradley
What would you do in my situation?
Hey guys,A few days ago I posted about a plan I have to acquire a Duplex, rent out the other side and live cheaply. I received a lot of help from some local guys on the forum and it really got me going. The original p...
Mark Doty
New Investor in San Diego
Hello Bigger Pockets Community!I’m a newer investor in San Diego and am looking to network and develop a team to put together deals. I’ve been sitting back reading this site for a while and see that several of us (es...
Kristi Charland
Open Door vs. Private Investor vs. MLS
I'm currently trying to help my parents get out of their house. One had a heart attack, the other had cancer and they are ready to retire and downsize. They have a 3,900 sq ft, 4-sided brick house with a finished base...
Alex Silang
Real estate limits
I was running some numbers and one thing confuses me.
I've read that banks only allow people to take on a mortgage 2-2.5x their income. Rental income is added at a 75% rate.
Doesn't this limit the size ...