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 (...
This Bill is supposed to ease regulations for regional banks. Wondering if any bankers out there are familiar with the bill and potential impact on investors. Curious if it could wind up cutting interest rates a tad d...
Can anyone offer recommendations for locating these type of local banks ( i.e.: specific website that list them by city, state, region, etc.?) looking for any advice or best practices in finding these lenders. Thanks...
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 !