Hey all, I have been trying to get a loan for my second rental property and it has been very frustrating to say the least. I cannot go through a bank to get a mortgage. I am currently unemployed, but I have multiple s...
@P from prior topic, use this to understand the capacity in your market and your best options. Never go with one offer. They have the power. Work in several towns and once and be prepared to make several options wi...
Wow, it's been years since I had to do a 30 year mortgage on a conventional rental (4 units or less). I'm thinking of trying it again for a property that i found. I could easily do a 20 year commercial, but I like Aun...
BiggerPockets World.Really taking the time to deep dive our KPI's and had a few questions to clarify on what industry standards consider and define a response for direct mail and cold textingDirect MailIndustry standa...
I recently started a new job with a base salary plus commission. I would be living off my base and the commission is just some extra on top. I am planning on house hacking my condo when I move by either finding a room...
Hi All!
Wondering how a home purchased through seller financing on a promissory note would come into play when qualifying for future mortgages?
1.) would I have to notify future mortgage company of loan?
2.) would th...
I know to count rental income it's two years, but I don't really care if lenders don't count my cash flow as income. I'm more concerned with whether they will still count my mortgage payment as debt even if it's a ren...
Hi, any best practices for handling all the quarters that come along with coin laundry.so far I’ve been taking them to the bank but they make me count the. By hand and put them in rolls
Hello all! Do you count social security and disability as income to calculate 3X gross of the rent? Seems like it would be a constant and reliable monthly source of income, but I have never come across this.
Hello all,
I just purchased my first property and am renting out two of the bedrooms; it is my primary residence. Does the rental income from these bedrooms count toward the income side of my DTI calculation? If not,...