George P.
#17 rental was purchased today
just closed on #17. here are the details..~1,085 sq. ft-64k (asking was 69.9)-2 beds, 1.5 bath (converted from 3 beds and going back to 3 beds)- 1 car garage, car port and a shed in the backmajor work - roof, skylight...
Isaac Pyle
Co-Borrowng Debt to Income Ratio for pre-approval?
Hello BP Community!Long story short, I am looking into my first investment property (a house hack), and will be likely co-borrowing because I am in school and do not have enough income to qualify for the loan myself. ...
Kirsten Milliken
Who do you turn to for advice on your next purchase?
I currently own 3 SFHs, including my residence. I have an $80k heloc on my primary residence that I took out this year in February to purchase a rental property in IN. The property is valued at $160k. I am planning...
Brianna Jackson
Advice on investing in a medium multiunit (7 units)
I've been watching a property from a distance (I am not currently in the area) and it has kept my attention. This is looking like a great deal if I could get it for an ideal price (it has been on the market for over 2...
Serenity Ji
Legal? $800k mortgage on a $60k property
A rural property with a run-down residential manufactured home worth $60k; is there any legal means the owner was able to take out a mortgage on it for $800k?
Dylan Webb
What are my options for a small PML using equity?
Hello, here's my situation:My wife and I own several properties separately.2 of the single family homes combined we have conservatively $150,000 in equity ($90,000, $60,000) I want to use one of these as collateral fo...
Wen Chen
Questions about tax write off's for rental property
I just bought my 1st rental property last year and need some help with what costs to file for tax return.Turbo Tax asking to escrow fees for following categories:Abstract and recording feesLegal fees, title search, do...
David Maldonado
HELOC seasoning period
Hey y'all,I'm planning on getting a heloc off my primary residence to brrrr houses. Do helocs require a seasoning period before being able to get a mortgage to pay off the line of credit?
Quinton Foster
Portfolio Refinance on Single Family Rentals owned through LLC
My partner and I purchased a single family home through our LLC (commercial loan) in October of 2020. At that time, we paid $55k for the home and it appraised for $72k. Since then the market has increased and we put s...
Peggy Liu
Trying to refinance in Texas
So here's the scoop.. I've got a 1/1 investment condo in Austin. I've got a 1st mortgage on it at 48K and a equity loan at 34K. The current comps are around 120K. So I do satisfy the LTV of 75%. What I want to do...