Javier Garza
DTI ratio and future rent in Multi-family house hack
Hey Everyone!In "The House Hacking Strategy" book, there is a discussion (pg 92) on debt-to-income ratio in regards to lending, and how 75% of potential future rent may be added to your monthly income number in determ...
George Rodriguez
Can i do my own closing to save realtor commision
Someone was telling me that they do their own closing when selling their home to avoid realtor commission. He pays roughly 2200$ when selling a 200k home. This sounds appealing as i would save 18k. Has anyone heard of...
Andrew Livingston
Starting a mortgage and lending company
Hello BP community! I have decided to start a mortgage and lending company. I will be 50% owner with a MLO. He will handle all the lending side of things and we will hire a 3rd party processor. It looks like we will b...
Alex Hamilton
Contact Consumer Service Bigger Pockets
Up to this point, never had any reason to Contact anyone with Bigger Pockets but, just found out there is no number to call, or do I have this wrong?Problem is; hoping this is just a mis-understanding but, $147 has be...
Jarrod Askin
Rent to own?
Forgive my ignorance but what is the upside for a landlord to offer a rent to own? I recently had a tenant inquire about the option but I can't really see the advantage for me. The way I see it is, if we decide on a p...
Robyn Knox
New to Bigger Pockets
Hi - I've been looking around and following posts and seeing how this all works - and I'm happy to be a part of this community. I'm new to the particular area of wholesaling, facilitating for investors, and look forw...
Dennis O'Loughlin
Section 8 pitfalls?
My wife and I are considering purchasing our first 6 unit apartment building. The numbers are looking good so far but our only question is that 3 of the 6 units are rented to Section 8 recipients. We have never had ...
Marci Stein
Fannie Mae loan question
I was told by FM I need 20-30 percent down on investment properties. I read here it's only 10 percent down, and some have bought up to 8 - 10 homes through them. Did I misunderstand something? Please help clarify. Th...
Shawn Gibson
Setting Up Trusts for Subject To Deals
Hi All,I've developed a relationship that may lead to a "subject to" acquisition. My plan is to flip the property and do right by the home owner, who I intend to make an equity partner in the deal. I've heard of inv...
Dax Kirkwood
Increased house price for cash trade?
Hi all, I have a naive question.
I'm looking at a house for sale by owner, who I know. No real estate agents on either side. Seller wants $425k, house appraised at $440k, but needs a few minor repairs. Is it possible...