Hi BP!I've been studying/learning about Multifam Apt Investing for awhile and am on the verge of starting a mentorship/coaching program with the 1st goal of getting 30-50 units hopefully w/in a year. A theme I've bee...
Hello fellow BPer'sI am a new investor from CA looking to invest in Indianapolis (also KC/Memphis) and have been shopping around my local banks for property insurance for investors. I am pretty new so I am looking for...
I have a mortgage on my primary home, and 3 other mortgaged rental properties (making that 4). I have two other rental properties that I bought in cash. One I was able to get a HELOC on. The other, I tried to ge...
I recently (...like an hour ago :mrgreen: ) went through this thread exploring the old argument between the cash flow guys and the appreciation guys.More specifically MikeOH and Nationwidepi (Mike and will) and off co...
Hi Everyone, My name is Raheel and I am a huge Bigger Pockets fan. Technically I am not a new member since I signed up with Bigger Pockets last year but since I never introduced myself so I guess I c...
Quick question regarding DTI for a Fannie loan. As I understand that new rental income (less then 2 years) is calculated as:Gross rent * 75% - DITI = income added What I don't know is whether or not the DITI still cou...
Hey all,
I'm new to rei so I need some advice. Looking at a house in PA, owner is free and clear on the home. Been vacant for 4+ years, no utilities on and he started renovations. Tore out some of the walls, the kitc...
Market: "Urban" area in Berkshires, MA. Area is projected to be in population decline, however, I see rentals as a better option for people moving to the area because they, like me, aren't sure they want to stay and h...
I am not very interested in placing bandit signs as I think they are tacky and unprofessional despite everyone raving at how well they work, with that being said I have a full time job making a substantial income so q...
Long story short, I've been looking to pick up my first MFH this year and came across a property that is cash flowing very well. It's a 3 BR/1 Bath duplex that currently has tenants in both units. Both tenants are on ...