I applied for a mortgage loan through a local broker that was referred by my realtor and was instantly Pre-approved because I have pretty good credit. I now have to provide the routine documents (W-2s, pay stubs, ta...
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Each time I buy a home my credit score takes a hit. I'm trying to brainstorm ways to do minimal damage to my credit while still borrowing for more homes and increasing my debt load. What do you do ? Or do you just hav...
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Howdy all,I'm looking for suggestions on software to keep my personal finances in order.My rental accounting sits within a property management system (Rentec). It only really does income and expense reporting, no bala...
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A house in my neighborhood recently came up for sale and I’m interested in the property for a couple reasons. 1: the ability to turn a profit 2: the ability to help the neighborhood (which is currently in gentrificati...
I have a 250 unit multi family i am looking to buy the owner has a mortgage balance of 5,558,615 amortization 360 months interest rate 6.16% and gsi is 1,274,602 exp are 752,802 and noi is 521,800 100% occupied. The S...
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Hey BP Folks,So I have been looking to invest in trust deeds for some time now, but there are still a few things that I am hoping to get clarity on before making the leap. The confusion I am getting is in relation to...
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Hey all BP members. I have a general contracting company that my father and I run. Im looking to start our first flip together. Although I do not have much capital of my own just yet is it still possible for me to get...
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What does the mortgage officer look at the most when determining if an applicant will be approved or not?
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Hello BP,I'm making my very first long-distance offer on a property using an agent. He has sent over a very long purchase contract. I read it once and will have to re-read it a couple of times. But noticed nothing out...
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I'm curious to know what investors think about multi family versus single family homes.
Which one do you prefer to invest in and why?
I'm in the Raleigh - Durham market here in North Carolina.