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. ...
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...
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...
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?
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?
Cheryl C.
1031 Question
I am planning to sell a property and 1031 in to 3. I currently have a loan on it. It's my understanding that I have to spend all my net, buy properties that, combined, exceed the sale price of my current property, a...
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...