Hi,I am looking for some advice in terms of the financing strategy to grow rental portfolio. Now I have no mortgage debt on my primary house (market value 700K) and 2 investment properties (total market value around ...
Will I be approved for an FHA loan with my current "income"?The following would be what I consider to be my channels of annual income: Mentor position ($4,000)Grants for school Future income from tenants living with ...
Hi!Can I afford $780,000 house in my situation?1) 20% down payment 2)my credit score - 800, wife's credit score - 750. Title will be on both of us, morgage only on me.3) 31 years old4) a stable job at a large corporat...
Hi All,
I am a software engineer in San Jose and planning to move to Austin for saving on taxes. I was wondering if someone has done that on BP forums and What is the experience like moving from CA/NYC to Austin?. ...
For two partners looking to BRRR into long-term business (5+ years) in Nevada, which option is best?
From what I can tell, LLC has lower annual fees, same liability protection, and a bit more flexibility during mana...
Hi BP community! I currently rent 3/1 with option to purchase for the past two years. The owner had personal issues arise and is in an extreme hurry to offload the property. We have an agreement that at any time we ha...
Im looking for a job that will help me learn about the RE business and keep up with RE markets while I invest part-time. Ive thought about becoming a realtor but I heard It can affect my investing (being regulated by ...
I have a 72 unit apartment building in Indianapolis. Instead of hiring a property management company, I would prefer to work with a trustworthy individual that can also do regular maintenance and repairs. If you kno...
Is it possible to pay myself a salary or distributions in an LLC set up to manage my existing properties and then use that income as my income to qualify for conventional financing? What I'm trying to get around is sh...
I am planning a few refinances and want my ducks in a row. I have two questions on how conventional banks calculate DTI. First question is will they count W2 income from gross or adjusted gross from tax documents? For...