Giora Sela
Will eliminating old escrow help Debt to Income Ratio?
I was wondering if I had eliminated escrows on my current mortgages will make any difference when applying for a new loan?If my payment is now officially $150 less a month because I paid insurance and taxes directly, ...
Nathan Fernandez
Question: Requirement for primary residence FHA Loan
Hello BiggerPockets Forums!I currently live in the suburbs of Chicago, and have a mortgage on my house. I am looking into ways to purchase real estate with little money down.I work downtown, and it is a 1.5 hour commu...
Sundar Krish
GOLD assets - can it be counted towards reserve requirement for a mortgage
Hi, I am trying to buy my 5th home (existing 1 - primary, 3 other investment). I am aware that Fannie Mae has reserve requirements for home 5- 10 and in my case I have to show six months of reserve for all 2nd -5th h...
John W.
Legal Representation for Landlord in Anne Arundel County, MD
I have a holdover tenant I'm taking to court next month, and they are counter-suing me for rent escrow. Are there any attorney's out there in BP-land experienced with representing landlords in Anne Arundel County? TIA!
Molly Jacobsen
Sell primary home to LLC for Bus Econ Purposes + Section 121
Can I legally sell or transfer (which is best?) my primary home to my LLC (that already contains 11 uniits) without losing my Section 121 benefits (capital gains exclusion)? Lived in home 2 of last 5 years. Now conv...
Jordan Williamson
Where to go next... out of DTI and out of good deals
I started the house hacking thing starting back in 2013 and bought a duplex for $67,500. It rents for $1400 a month and has nearly doubled in value. In 2014 I bought another duplex for $130k. It will rent for $1900, b...
Christian Beebe
Beware of NY Group Buyers, Serious Conversation here
So you ready for this? We are in the process of selling some of our portfolio in the Midwest, apt buildings. Have a couple groups out of NY who place good bids and to which our broker stated they would go with. Thi...
John Brewder
Which type of property includes the least waste of money: mobile home, condo, or house?
Which type of home has the least waste of money: a $75,000 mobile home, a $250,000 condominium, or a $500,000 house?Less interest is paid on the mobile home and condo, but condos may typically appreciate less than ...
Ada Li
Mortgage Questions - Home Ready / Home Possible vs FHA
Hi there!
1. What counts as income? Are bonuses included?Home Ready and Home Possible have Avg Median Income limits (Philadelphia $84K)- I meet this requirement if I don't include bonuses (from referrals and perform...
Bryce Davis
Surviving Liens After Tax Sale
I was under the impression that if you buy a property at a tax sale the only liens that survive are the government liens. These would be IRS, Dept of Revenue, etc.. All mortgages, HOA, 2nd lien holders, would be wiped...