Hi guys, it seems like since the "Stress Test" was implemented checking for "borrowing strength" by mortgage advisers depends solely on income/salary regardless of cash in hand. Seeing this I do notice young people in...
We've all heard about the .5, 1, or 2 percent test, or the rent to purchase ratio. However, based on your experience, what is our local, Knoxville "test"?If you would rather it broken down into neighborhoods, what wou...
BiggerPockets experts!I want to get your thoughts and 2 cents from a philosophical and risk perspective. I am 42 years old and my wife is 39, we have 2 kids, age 9 and 5. GOAL: Insulate my mid-long (5-10 years) term ...
This is related to the recent Marshall fire in the Louisville/Superior region. My rental house was not directly affected by the fire and is about 1.5 miles away from the burn areas. The house does not have any soot de...
I'm in contract (in Oregon) on a house that was built in 1950 and have been advised by another local investor to NOT get a lead and asbestos inspection. That due to the age, you should just assume leads in there and p...
I'm seeking Idaho R/E Exam practice test questions. Would love to find a free PDF.
Hi everyone,
I am not sure if this is the right place to ask this question, but I am looking for recommendations on the best (and most affordable) test prep course to take from an agency-approved real estate school. ...
Quick BackgroundUnder contract on a 3 bed 1.5 bath ~1,400 square foot 1970s split level set to close this Friday, 9/17. The current strategy is "STR BRRRR". We're essentially taking it down to the studs and converting...
What does multifamily underwriting look like now given what we know so far of the impact COVID-19?I know there are very few new transactions going under contract right now given the huge amount of uncertainty that sti...
There is always much debate on if an LLC is needed. I have one. Only because someone told me to hold my properties in it for protection. I paid a lawyer to draft it and I signed it, and filed it away. I read most o...