Mario Vucetic
Unconventional financing in Southern California
We are looking to buy a house to rent on AirBnB. My wife and I already have a house with about 200K equity in it.I am self employed and can't qualify for mortgage on second house based on income (the conventional way)...
Mike Arias
Depreciation effect on your debt coverage ratio and income
Is it common practice to add depreciation taken on multi family properties as an operating expense? I spoke to a bank recently and this topic was brought up.Example:Asset depreciated amount 400k25 yr depreciation sch...
Arthur V Bernestine III
Investor vs flipper
What is the difference ? I see far to many posts that tell you to erase your debt if you want to be an investor…would you have to erase all your debt to start flipping homes ?.
Bella Batal
Are the Sellers terms reasonable?
BP fam, Can you help me understand if this deal makes sense?The Seller is happy to do creative finance, but is requesting a big amount of cash upfront to go towards loans. All buyers that have responded with interest ...
Account Closed
What part of rental income do lenders consider?
I’m planning on purchasing rental properties in the near future. Once I’ve gained rental income, I would like to finance a Condo and even more rental properties with my income from rentals. However, I’m a bit confused...
Jayme B.
Need help figuring out buying power
Hi all - I just went through a lengthy process with a lender to figure out how much they would lend on an investment property based on my income and other factors. They gave me a qualifying income range but I'm not su...
Kevin Hurley
Refinancing a Rental Property
I have a rental property that I owned in Kansas City Missouri it’s fully rehabbed and I want to refinance it. When doing the refinance is there certain requirements that I have to meet and what are some other options...
Maria P.
Is paying off student loans first always best?
This question is asked frequently, but I'm wondering if the same applies when it comes to having student loans under income based repayment when you work in public service. I am currently paying under $470 a month on ...
Kari Karanikos
Recent Grad wanting financial freedom: Pay off debt or House Hack first?
Hi everyone, I'm Kari, I'm 24 and I graduated college last year. I had a bit of a career pivot my first-year post-grad but just started my first $60K marketing job this month. I've known since about half-way through c...
Dan Wayne
leverage
I'm refinancing a residential rental property, duplex, that currently has 11 years left on a 15 yr loan at 5%. I can get a lower interest rate at 15 yrs, but the monthly payment will still be a little higher than wha...