Jim S.
Does a cashflowing property help or hurt DTI?
My current understanding is that my DTI will actually get worse as I acquire more properties even if they have comfortable cashflow margins. Example below to try to explain what I'm thinking.-----------Let's say salar...
Thomas Delacruz
I’m considering doing a 203k in Texas
Hello bigger pockets! All of you are awesome and I’m so happy to be here! I’m looking for advice on my first investment and I think going down the 203k route is up my avenue.I’m a licensed electrician in Austin, TX an...
Ryan K.
Subject To + Owner Financing possible?
I want to buy a property to use as my home residence. I want to do a Subject To with the owner. They owe 65K left on their mortgage. The house appraised at 100K. I'm going to buy it for 90K. The remaining 25K I want t...
Daniel Rasmussen
Impossible to get a loan on a single family rental
As the title and description suggest, I feel like I have found myself in the perfect storm of circumstances that have made it impossible to find a lending solution for a single family rental property I am interested i...
William Ackiss
funding foreclosure acquisitions
Newbie here, trying to gather all the info I can on my new journey. My question has to deal with foreclosures/reo properties. I know that most institutions want their money ASAP. If I found a property that was a goo...
Jon Collins
I get emails from people claiming to be Private Lenders
Hi, from time to time I get emails from people who claim to be Private Lenders. Has anyone else gotten these? They ask if I have any properties I'm looking for finance. How would I determine if its a scam or real. ...
Edita D.
Closing on a house in 7 days and credit score dropped 60 points
Hey guys,
we are about to close on the house, and we just found out our credit score dropped 60 points, so now we have a delinquent payment of 60$ reported to credit bureaus. (We did not receive a paper statement from...
Juan Alcorta
Closing Costs: Miscellaneous Expense or Cost Basis?
Hi everyone, I recently closed on my first rental property and I'm curious about how to track closing costs correctly. Do they apply as "miscellaneous" expense (which I can deduct when I file the taxes of the current ...
Andres Castaneda
Do I refi & buy or do I sell and buy? Hardest decision of my life
Hello all!I have a pretty unique opportunity ahead of me and don't really know what angle I should approach it at. Every day I wake up, my mind changes. This is my largest project to date and right now I am full lever...
Joshua Rainwater
When should one seek out a mentor in multi-family syndication?
With all of the detail, education and processes involved with becoming a multi-family syndicator it is difficult to know what exactly is the best step to take once I am already heavily self-educating. Wouldn't finding...