Rich Weese
Need net worth for financing? New poll
A current thread talks about those underwater on mortgages or negative net worth. I decided to ask a simple question. I believe more than 2/3 of PUBLIC has current negative net worth. Lots of reasons: underwater on ho...
Timothy Stieffel
Getting Pre-Approved For Mortgage Loans
Hello BiggerPockets Community!I am about to start the process of shopping for conventional loan rates and getting pre-approved, but am concerned if I shop too much within a short time period it will adversely affect m...
Greg Stetz
Estimating closing and sales costs accurately?
Whats a great way to find out sales and closing costs before you buy a property? I have calcs to use but how do I get tighter numbers?
Tyrel Ferris
Good vs. Bad Credit, Marriage, and buying a 6 plex.
So I have a question. My fiancé and I have been engaged for a long time. We both want to get married this year, however I have good credit and she has very bad credit. We both want to buy a 4 to 6 units apt complex th...
Jonathan Rivette
No Credit History (from 1 of 3 tenants) - Should I Be Concerned?
Hi, I'm screening tenants for a single family home and the husband has no credit history but makes the bulk of the income. The wife has excellent credit (high 700s) and the adult son (also a contributing income earner...
Becca Summers
DTI
My husband and I currently own 2 homes and have 3 years of rentals on our tax returns for the one home and we live in the other. What I'd like to ask is I'd like to buy two homes this year one for $170,000 that would ...
Jeff S.
Mortgage payment and credit score
Hi folks,I have a pretty decent credit score and want to keep it that way! But I have a question about that.My mortgage payment is due on the first of the month and I set up my checking to pay it automatically. My em...
Tod R.
How to Structure Owner Financing?
I'm considering owner financing in order to sell a rehab. I've read some threads on here but I've never used OF. So I'm looking for some BP advice:
Sales Price-$67,000
Down Pmt-$15,000
OF Loan-$52,000
Interest Rate-...
Michael Simolke
Am I over leveraged?
Hey guys and gals. I’m 24 just started investing in RE a year ago.
I have 4 properties.
1 is break even
1 has $300 cash flow
1 has $500 cash flow
1 is going through eviction
I have about $330,000 in debt. And $1...
Kendra Johnson
Information on Pay to Delete
Good Morning All,I am now in the position to begin fixing my credit score, but have a series of accounts in collections. I was thinking of contacting the creditors and paying them but during my research on line, I am ...