Luc NA
Using current rental income to qualify for a new property
Hi, I see a lot of information about using future rental income to qualify for a 2-4 unit property. However I cant find anything online about correctly factoring in current income properties into a future property pur...
Nicholas B.
Multi-Family Appraisal questions - two unique situations
I have an 18 unit multi-family property that has rents that are roughly two to three times higher than the neighborhood comps. My 300 sq ft studios rent for $600 and the property across the street gets $700 for 1000 s...
Matthew Hunter
Should I use the equity in my current home to purchase another!
I purchased my home with a conventional loan, 3% down payment. There’s roughly $30k in equity in the home. The wife and I are looking for a bigger home but want to keep and rent out our current home. Should we use the...
Michael Turner
Is getting started investing at age 40 too late?
I’m a teacher/football coach (38 years old) and want to replace my current income and beyond through investing in rental properties. Am I getting started too late?
Mike Francis
Other Lending Options for first time home buyers?
I have a house for sale where the interested buyers are a couple of months away from having the lender required pay-stubs. Both buyers are new college graduates, one with a masters degree with excellent credit, and bo...
Thomas Forsythe
Claiming Cash income to a lender
Hey everyone, i'm currently trying to get my finances in order to purchase my 2nd rental property. I work as a carpenter and 40% of my income is paid under the table. I also do cash jobs on weekends and evenings. My l...
D'Angelo Burgin
Hello (AM)bitious people
Hello All, I am new to BP and am virtually new to real estate investing. I look forward to growing my knowledge and portfolio so I can in turn help others do the same. My current goal is to replace my current income s...
Eric Lilly
Help! How to provide proof of income for the current year?
Hey Everyone,
I unexpectedly found myself diving into (what seems to be) a really solid deal, much sooner than I had expected. I'm worried that I have no chance of being approved for a loan considering my current sit...
Jose Vasquez Dickson
HELOC for an Investment Property in Central FL
Hey BP! I own an investment condo here in Orlando, FL under my personal name and I'm looking to get a HELOC to access that equity to invest in my real estate business. It's owned free and clear. My current income is o...
Ella Macrow
Persona finance help (question could be used with so many flairs!
Hi all, new here but hoping to lean on some people for advice please.
I have been saving over the past 18 months and have managed to save £20k. I have some of my furniture on finance, a phone contract but nothing maj...