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So I am very green and have no idea where to begin. My past customer has contacted us with the desire to no longer have the responsibility of owning these properties. He has 42 total units including 3- 6 family, one 5...
Hello to all,Hope everyone is well. My wife and I are looking forward to purchasing are first home in the near future (Northern Virginia). We read a few months ago that FHA had changed its guidelines regarding student...
If a property is not cash flow positive when rent is multiplied by 75%, then how would a conventional lender add this calculation into your DTI? Example $4000 a month 12 month lease signed, actual monthly debt is $327...
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My first question.I am thinking about refinancing my house and take out 50% (65,000) of home equity, to purchase a small condo in a very nice location. It is a move-in ready. Potential to earn between 300-500 after ex...
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I was recently approached by a wholesaler with the following facts for a 2 unit home in Hammond Indiana. I did an analysis and seem to come out with negative operating income but want to check my analysis since I ...
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My property is up for rent near LSU and I’ve only ever rented to graduate students. I have an international applicant this time around that has great references and her PhD letter from the school, but she has a collec...
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This is a low cost of living area, purchase price is 140k, 6/4 duplex built in 1900, buy and hold, B+ neighborhood. I have an ACV quote for 200k coverage at $712/yr. I have a RC quote for 470k coverage at $1,150/yr. D...
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Hey everyone! I’ve got a unique story !. I bought my first house with an FHA loan and back in 2016 flipped it and sold it in 2018 and got $80,000 profit . I did that to buy my dream home which I currently am in now . ...
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Hi everyone. I am trying to buy my first rental. The next step for me is to get pre-approved. I have an idea on the type of info they are going to ask me but I had a question about my student loans. I have about 30k i...