Dustin Sanders
I've reached my Debt to Income Ratio - Help!
I've hit my 45% debt to income ratio with closing on my 3rd property. Besides partnering & increasing my W-2 income, how can I still scale my rental portfolio?
Jared Threat
Pulling Equity out of your first home
Hi, Bigger Pockets family. Here is my Scenario My wife and I own a duplex that we bought in 2017 for 144k. We live in the 1st unit that was renovated and now we are about to finish and rent our upstairs apartment. The...
Christopher Winkler
Unsecured Debt After A Stripped 2nd Lien
Can someone tell me if a 2nd lien is stripped in a Chapter 13 bankruptcy, is the now unsecured debt still valid, and can a lien be placed on the person?
Mike Franco
Who is crazy enough to rent to someone planning to file bankruptcy?
I got a call from a prospect who was upfront with me about her plans to file bankruptcy.
For landlords, this is just asking for punishment, isn't it.
I haven't met her yet, but she says she has enough to cover her r...
Moncy Samuel
Tenant move out date
Hello BpMy tenant in the duplex property was defaulting on rent and after eviction filing, we came to a mutual agreement which was signed by Judge to make the rental dues (900) and leave the property on 7/21. Morning...
Tim Lindstrom
Self directed IRA to help girlfriend
I know I will have to talk to someone who specializes in self-directed IRAs, but thought I'd float this question on BP first.Would I be able to use my self-directed IRA to loan money to my girlfriend, to purchase a d...
Holly Williams
The Numbers - How Passive Investing Enabled Me to Quit
The response to my post last week about quitting my job has been overwhelming. "How did you do it?" is the question that everyone is asking me, so I thought that I would just answer it here. It started with writing ...
Jamarr Lee
1st. Lead
My wife and I got our 1st lead on Saturday. The owner is selling the house for 158k but it has been on the market for almost a year now. She said she doesn't want to take no lower than the public records property appr...
Mike Mitchell
How to make a zero interest rate note sizzle!
I have found a note with a upb of 28,500, zero % interest, with 114 payments of $250 remaining. A note at zero % interest is unenforceable in Texas and the note cannot be purchased as it is. I offered $13,636.35 w...
Michael G.
Short sales require 60 day period between title closings in NY State?
Here's the challenge: I have a few cash buyers in place ready to go on 2 short sale deals in my pipeline.
Yesterday , my attorney says that she thinks there is going to be an issue with double closing on these as the...