Justin Mabry
Getting out in 1 year, advice/mentor to help me take the leap!
Hey everyone!This is my first post, so I'll try not to ramble. Essentially, I get out of the Army in one year. I am an Air Traffic Controller and will be doing that as a civilian. I am hoping to stay in the Fayettevil...
Jusstin Williams
Selling Ownership in a Rental Property to a Family Member
Hey y'all!I bought a house a lil over a year ago that I have been renting out. The house has a garage converted into a studio in the backyard so that has been a medium term rental and the front has been an Airbnb off ...
Dan Krupa
Payoff mortgage early or not?
BP Pros:I have done a ton of research on paying off mortgages early. With interest rates at historic lows and given that early payoff return is equal to the interest payment, I see expansion as a better option. Additi...
Jared Chipkin
Financing falling through with 9 days until closing!
Our loan has been approved for a couple weeks..or so I thought! Now our lender is coming back saying that we are at 44%debt to income and we need to be at 41% because of my commission income it threw everything off. ...
Joanne Gonzalez
Should I keep my current mortgage or refinance.
I bought my primary June of last year. Showed in my credit and it was $169,750 loan, 5.4 APR, $1,139 monthly payment. Due to some circumstances I had to refinance and because I was renting it out I had to refinance i...
Jason Meadows
Is it possible to do 3.5-5% down without PMI?
Hi BPers,
Sometime in the last 6 months or so I remember hearing David say on the podcast that you could do an "FHA-like" situation without actually doing an FHA loan. The result in the scenario he described was tha...
Manraj Singh
Negative Cash Flow : Tax Offset
Hi,
I am aware that acquiring a -ve cash flowing property is a BAD idea. Also aware that we shouldn't be looking at 1. appreciation and 2. tax benefits as an answer to offset a -ve cash flowing investment.
1. I am ...
Cole Baker
What is DSCR at Purchase?
I am confused with what "DSCR at purchase" is. Does this not include the construction loan ?
For example, when the DSCR is 3.00x and the Loan to Purchase is 68% , does this mean that NOI is 3.00 x the debt from a lo...
Kyle Johnson
What to do with my money
I currently have one LTR in the Norfolk, VA area. I will have about $3,500 of additional income each month. I’m wondering if I should pay off all of my debt (student loans, car loan and CC) first or if I should buy an...
Saurabh Gangwar
I am broke , what to do next
From last two years i was in real state business , i earned huge profits in begining so to invest more i picked up large amount of money from market at 20% annual interest and invested all in real estate and just aft...