Spencer Funk
DTI max out before reaching maximum number of mortgages?
Hi everyone. I have been studying the craft (reading books and listening to podcasts) and have heard it mentioned that some people will surpass the threshold for their DTI radio (~36%) long before reaching the maximum...
Jon N.
Conventional lender recommendations Chicagoland
Side note: I hope this doesn't violate BP's TOS. Does this post qualify as a lender request? If so, I'll take it down.Hello everyone, long-time lurker here on BiggerPockets. I've learned a huge amount from these foru...
Heather Little
Real Estate Professional Status Qualifications
I left my corporate job last year to stay home with my daughter and focus on our real estate business. I'm trying to determine if I can qualify as a real estate professional. I know you need 750 material hours per yea...
Ryan Keenan
Having cash reserves and 401k
Hello bp, question about cash reserves for the bank. Currently going for my 3rd property putting 25 percent down most likely being a owner occupied property. I'm using some of my own money plus 50 percent of my 40lk. ...
Kenneth Cowan
Getting second mortgage on new residence
What does the process look like to get a second mortgage?
I bought a condo in a 3-flat in Chicago in Dec '14. I've been fixing it up for 6+ months and plan on finishing all renovations in another 18 months. The plan...
Michael Lin
Offset W2 income with end of year purchase?
Hi everyone, I want to buy a property now intended for LTR. However, since it’s near the end of the year, my wife won’t be able to qualify as a real estate professional to use the depreciation to offset my W2 income.I...
Shauna Graham
Newbie investor Colorado Springs
Hi my name is Shauna and I’m looking to invest in long term rentals in my local market, Colorado Springs. Would love some input on tips for the area and what the best types of properties/strategies are for 2021 as a n...
Nathan Huyett
Help with DTI breakdownn
My wife and I have started looking for a new primary residence. I hold the mortgage for our three-unit property; my wife holds the mortgage for our current home. When speaking with a lender, he indicated that if I tak...
Mitchell T.
Broward County NEWBIE Meetup!?
In addition to the REIAs and REIC meets we should all be going to, I was thinking of setting up a meet up for just us SoFlo Newbies. It's a good chance to meet more fellow BPers over some brews. We can share our newby...
David Krulac
5 states account for 405 of all Foreclosures,
http://www.corelogic.com/about-us/researchtrends/n...And foreclosures are down to the lowest level since August, 2007 The 5 states with the highest foreclosures are: Florida, Michigan, Texas, Ohio and California