I was told by my mortgage broker that in order for a property to qualify for an FHA loan, 85% of the gross market rent for all units in a 2/3/4-plex must be more than the PITI, otherwise they won't approve the loan. ...
Hi all, I'm interested in how effective cold calling has been for your wholesaling? It seems that with a good skip trace service like nexislexis, TLO or even locateplus you could call your target market for much much ...
To the High W2 earning BP members out there, what strategies have you used to decrease your W2 taxable income? Depending on what state you earn your wages, income tax rates of 40-50% are unreasonable. Most of you like...
On this other BP topic we discussed various ways an individual invest in real estate PASSIVELY, with minimal risk, and get 5-15% ROI. A post by Dionte G. came up (see the bottom of this post) that I think needed to be...
Someone needs to call the White House and each Governors Office and stop this SBA insanity.
Landlords don't need "Loans" they need payment vouchers.
Housing and Urban Development is the correct way to manage the r...
I recently considered shifting some of my REI business back to wholesaling lease options which I did successfully for several years. The last 2 years I focused on regular wholesaling "flipping contracts" but I though...
Hi Bigger Pockets!I've been here for a while reading up and am excited to make my first post.A bit about me, I am 30 currently making a great salary in a W2 contract role that I will likely remain at through this year...
I listened to a BiggerPockets podcast a few months ago. The person they were interviewing talked about buying the property with cash putting the cost of the rehab in escrow at closing. This bypasses the refi seasoning...
I went to a multi family investor event today in my local area, and it turned out to basically be a sales pitch for a 3-day bootcamp that they were going to hold in my city toward the end of the month. They were charg...