Christian Wathne
Working on 4th property; issues now with DTI, how to get funding?
Hi Everyone, Looking for your great advice and experience I'm working on acquiring a 4th rental and am concerned that a bank won't finance me because I'm already approaching the 45% DTI limit. I'm calculating this by ...
Russell Brazil
What Ratio Do You Use In Baltimore City?
What ratio are you Baltimore investors using to prescreen deals in Baltimore city? In other Maryland counties I typically use the 1% rule and it turns out fine. But with the insane real estate tax rate in Baltimore ...
Todd Sullivan
Partnering Multi-Family Rentals and Paying Your Partner
Hello All,I know, I bet this question has been asked before, I searched and couldn't really find an answer though to my question...so here goes!I'm looking to mainly purchase multi-family (even Single-Family) properti...
Jeremy Medina
How would you manage utilities in a 2 unit with no separate meters?
I am closing a deal on a SFH that has an attached ADU. I am not sure yet but I am thinking LTR for the main portion and perhaps MTR/STR for the ADU. It is not separately metered and right now I don't see adding a mete...
Account Closed
owner financing wholesaling?
Hi biggerpockets. I had a question and was hoping someone here could give me some advice. Can you wholesale owner finance homes? And does this work on FSBO high end homes that are in no need of repair.
Sandhya Gorman
too many inquiries- bad credit rating?
Hi,I am considering several locations (over 10) to invest in my next rental property. As such, I'm contacting mortgage brokers and filling out loan applications to get pre-approval letters. Will this impact my cred...
Bill Gulley
Boredum, what do you do?
I just mentioned in another thread that boredum was probably the reason for my varied experience. Thinking back, when I got out of the military I was an agent for Metropolitian Insurance. I had a sales manager who tol...
Clinton Ide
Mobile Home Park deal! Need experts!
There is a mobile home park for sale in my town listed for $194,500. This deal is land only. All the mobile homes are tenant owned. It is currently set up for 9 spaces, but with a couple adjustments, it can have 12 sp...
Rob Krach
Offer Countered, advice please!
Hi All,There is a 6 unit complex that I made an offer on and the owner came back with the below counter as the owners are old and ready to retire:Purchase Price of 525KDown Payment of 100KThe Seller would Carry the fi...
Aliz Raksi
Success with the Just & Reasonable Rent Adjustment Program in LA?
Hello,I'm considering a triplex for buy-and-hold in Los Angeles, whose current rents are 45% below market, but if you could raise rents, it would mean the difference between us having -$200 versus +$1500 in cashflow. ...