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getting loans
Greetings All,
Quick question. If a bank qualifies me for a single 300-400k loan, would I be able to get 3-4 100k loans based on the initial qualification amount?
Cal C.
Reserves are almost an absolute necessity!
They would be an absolute except a few people get lucky and put everything they have into a rental property and nothing goes wrong for a year or two, giving them time to build up cash reserves. Then again a few peopl...
Daniel T Stockman
2nd Investment Property - Too Soon?
Happy Friday! My wife and I are currently in the process of closing on our first investment property (We are very excited)!!! It has good CoC ROI and will Cashflow fairly well, once fully leased and after all CAP Ex, ...
Bil Casimir
Insurance for Rental home
I am about to purchase a town home to rent out. This will be my first property that I have ever rented. I am wondering do I carry the same type of insurance as I do for my home? What about home warranty insurance, is...
Leonard Rybak
Funding Ideas/Need private lending/Ideas?
Hi everyone! I currently have 1 single family LTR (in Maryland) under my belt under a DSCR loan due to my high debt/income ratio. I am looking to acquire 2nd property but at the moment can only qualify for a DSCR loan...
Mike Hibbs
Pre-Auction Bid - Auction.com
Does anyone have experience with a 'Pre-Auction bid' on Auction.com?
Recently I place a 'pre-auction bid' on a home that has an opening bid of $40k, and Auction opens May 18th. I bid once and received an immediate m...
Ian Crist
Portland House Hacking on Steroids!
Hello Everyone,I wanted to share a great financing strategy I have came across that has been able to open lots of doors for investors like myself as well as investors I work with who want to hold a cash flowing multif...
Patrick Flanagan
I have 10k and I need help on where to invest it.
Hey bigger pockets members,
I have a little over 10k saved up and I'm looking To make a down payment on my first rental.
I'm looking in out of state areas such as Texas, Kansas City, Alabama and so on.
Where the c...
Will H.
Newbie in St. Louis, MO
Greetings everyone,I'd say I'm new to real estate investment, but I guess you have to get started at something to be new at it.Anyway, I'm recently married (6 months today!) and want to make sure my wife and I are tak...
Jonathan Doro
Foreclosure Auction Strategy
I am interested in purchasing a Foreclosure on an Online Auction website. The auction goes on for 5 days and if the reserve is met, the home goes to the highest bidder. I am wondering what the typical strategy for the...