So I tend to be really conservative and don't purchase another property until the last one I bought is paid off.  This is a bit easier to do since my area has really cheap housing.  However, I'm starting to think mayb...

Has anyone had experience with bankruptcy? My husband and I are considering it after meeting with a debt management counselor that recommended it. We are trying to do everything possible to prevent this option, but th...

I felt like this would be a great topic for BP's Pros and Newbies to discuss.With $20,000 in cash and $20,000 in debt (Existing loan on a rental property @4.75%)Would you use the $20,000 to purchase another property o...

I have a few properties and positive cash flow. I was trying to decide if I should try to 1) focus on paying off one mortgage or 2) spread a little to each loan. I have a long term perspective on them all. I have a ...

Hello,

These are made up figures. I just want to see if I am calculating this correctly. Any advice/opinions are welcome.

Thank you.

Bought for 280,000

20% down payment = $56,000 ( $280,000 x 20% = $56,000 )

lo...

I have a rental condo in LA and planning on selling it. It should get 300K give or take. I have a note of 118K. After accounting for improvements and depreciation I have a cost basis of about 177K. I am looking to acq...

I am a new rental property owner. My primary and my current rental properties are causing my DI ratio to be more than 45%, so I am not able to qualify for additional mortgages from some conventional banks to buy more ...

My question is on debt to income ratio and how that metric limits your ability to obtain additional mortgages in order to expand your MF residential real estate portfolio. When I purchase my first MF residential prope...

Hello, I am going to be starting a new job soon with a salary of 50k. I have around 18k in student loan debt. I have around 8k in savings and a  credit score of 670. I am trying to start acquiring cash flowing rental ...

Hi I am new to this. I am currently in the process of getting approved for HELOC. My question is can I use HELOC to put as a down payment towards another property even if my HELOC is less than the property I want to b...