Lindsey Thibodeaux
multifamily home- how to
Hi! I'm in the New Orleans, LA area. I already have a duplex under my belt, which I got an FHA loan for and currently live in one side. I'm interested in buying a tri/quad, or even 5plex complex. I understand that the...
Marquis W.
Using bankruptcy strategically to aquire more real estate
I keep hearing about how the rich file bankruptcy not because they are in trouble but as a strategic way to build more wealth. For example Donald Trump, Rich Dad's Robert Kiyosaki, 50 cent, Henry Ford even Walt Disney...
Stephen Day
New College Graduate Moving to Baltimore - Rent or Buy?
Hello! I am excited to be posting in the BiggerPockets forums for the first time. My name is Stephen, I am 22 years old and am getting ready to graduate college. I recently accepted a full-time position with a company...
Ying B.
Approve or Deny? Expenses > Income but meet Gross 3X of Rent
I have a listing priced at $2450 (4 BR, 2.5 bath).
I am currently focusing on 1 applicant who makes ~100K in her current job for 25 years, excellent rental references for past 9 years but my rent is $800 more than he...
Bob Malecki
Question on short sale offer on note going to auction in a week
We have a first position note on a SFR in the Seattle area which is going to auction on 11/4. There is no subordinate debt or liens on the property and there is equity. The borrowers still occupy it and have it listed...
Ashley Sanchez
Frozen and discouraged
Hi there!
We just recently got approved for a HELOC on our main residence in order to buy our income property. Unfortunately, the appraisal did not come back as high as we wanted it to and it looks like we are endi...
Mark Davis
What exactly is cash only
If you have a preapproved mortgagecan you use that as a cash only on an auction?
Chavel Diaz Jr
Notes: Foreclosures and 2008 Subprime Mortgage Crisis
Hi BP Community,As I start my journey researching, learning, and investing in notes 2 quick questions come to mind.1. What are the ramifications should you own the note, aren't able to modify it/get it performing agai...
Gabriel Ferguson
credit before investing
Hi, when I was 19 I messed up my credit and got my car repossessed. I’m now 22 and have since brought my credit to 630+. Will I have a hard time getting a loan to start multi family investing if I’m able to put 10% ...
Shala Russell
To buy or not to buy with my debt to income ratio
Hello,Im new to property investing so I would like to know what others think about my situation. I recently graduated with $65,000 in student loan debt and I am currently making $61,000 a year. I am interested in by a...