Alex Silang
Getting a mortgage with 30k W2 income
This is my financial situation:30k incomeRental property (I own):4k monthly rent1.5k/mo PITIWant to buy:350k-400k property4k monthly rentI've used online calculators (for what they're worth) and they say I qualify. Al...
Michael Delgado
Paying down debt & improve credit score or just buy a rental prop
Hi all,I am 39 years old and currently living in NYC. I am looking to jump into my first rental property... of course, outside of NYC. I currently have a credit score in the low to mid 6s and have roughly 25k in uns...
Candace Ellison
Shoudl I sell 2 duplexes with nice equity to pay off debt.
I have two duplexes that have some decent equity in them. Total combined would be about $70k. I started the Dave Ramsey program earlier this year and I am debating on selling them and paying off some personal debt car...
Mikhail Pritsker
Strategic Opportunities in the Current Multifamily Market: Part 1.
Mezzanine Debt and Preferred Equity. Part 1. Executive Summary
The multifamily real estate sector has experienced a sharp rise in distress rates, increasing from 2.6% to 8.4% over the past seven months. This surge c...
Dennis Maynard
Pay of debt or Buy a Cash Flow Property? Question of the Week.
Hey Everybody,Many people face this challenge. Should you pay off debt such as a car, credit card, or student loans first? Or should you take the same money and buy a cash flow income property? What would you do an...
Jon Passow
Listing spouses debts and income?
I'm gearing up to get all my financials documented so I can start the process of finding lenders. When it comes to what debt is held, do I only list debt in my name (which would be the house mortgage that's in both my...
Alan Howard
Stuck in neutral because of DTI
Hello BP, I'm a bit stuck as I have about 75K which I was planning to use part for a down payment towards a quad-plex. However, my high debt to income is hampering me from obtaining financing. I've been wracking my br...
Matthew McNeil
Might Warren Buffett's just published Annual Letter apply to us?
Takeaways from Buffet’s shareholders letter that was just published;1. “Warren Buffett bemoaned a lack of viable acquisition targets…” Ditto - harder to find viable deals on SFHs and MFs.2. “But I will never risk ge...
Noah Kellar
How not to lose everything if using debt
You hear stories like Dave Ramsey’s, $4 million worth in real estate with only a net worth of $1 million. At 26 he had it all but then lost it all. Using other people’s money is obviously key when there is no capital ...
Matthew Metros
Multifamily Refinancing Terms/Conditions: What should I look for?
I will be utilizing the BRRRR strategy of Buy Rehab Rent Refinance Repeat to grow the portfolio.
We are looking for a delayed financing loan product that fits this strategy and mainly trying to avoid products that ha...