I visited with one of our banks today and they laid out the monkey math they used to underwrite LOC increases. Their 3 main criteria were:1. 760+ FICO2. DTI lower than high 30% range3. 2X liquidityFor item 2 our b...
Hello Bigger Pockets community!! I have been meaning to do this post for awhile, but been so busy!! Anyway, we (hubs and I) got our first flip house and we closed on it on December 29th of last year. We found the hous...
Hey BP members,I'm a newbie investor looking to get started in the Albany Area/Capital Region of New York State.I currently live in a small town in Albany County that isn't really conducive to Buy and Hold Investing (...
https://www.bizjournals.com/louisville/news/2019/06/07/fortune-50-tech-company-launches-pilot-program-in.htmlWith Louisville being in the bottom 39% in tech jobs compared to peer cities, this is a step in the right di...
I am looking for some input on good hard money lenders in the SC region. I am quite new to investing but have been in the building industry all of my life. Thanks in advance. Lee
Hi
My name is Shelly and I’m originally from Virginia’s Shenandoah Valley but I now reside in Alexandria, VA. My background is in marketing, social media and PR. When I say I’m new to REI, I mean I have abso...
Hello Bigger Pockets Community,
I am a new investor in the "DMV",I've been listening to the Bigger Pockets Podcast for about two weeks now, and finally decided to sign-up. I currently work for a commercial real esta...
Hey Guys, I have been recently been very active on Biggerpockets still getting educated. Would love to connect to get some mentorship and learn more about real estate investing. Cheers !
Hi folks,I'm researching multi-family investments in out-of-state regions, since my local region is too expensive. I'm planning a buy-and-hold strategy.I've identified 5 different cities that interest me, but obviousl...
Hello BP!I wanted to share my recent experience and gather insight from other local investors in the Sacramento Region. I made an offer on a HUD home and after several counters, my offer was accepted at $295,000 (LP w...