Troy Sheets
Power of attorney? Purchase MIL's house? Sub2? Help!
My mother-in-law wants out of her house. It's in the NE part of Philadelphia, right off Grant and Bustleton for those that know the area. I'd say her particular neighborhood has gone down a bit in recent years with a ...
Jack B.
Houses merely maintain purchasing power, due to inflation.
People don't seem to understand the difference between nominal and real house prices. Real prices are inflation adjusted. The basically cost the same as they always have, adjusted for inflation.
With real estate sur...
Brandon Chen
Personal Loan for purchasing power in Midwest Market
Hello BP!Been thinking about taking on a personal loan of 50-70k for purchasing power in my Midwest market, the loan would just be for down payments and closing costs on sub 85k SFH / Duplex properties. Any thoughts o...
Mike Wheeler
Primary residence may be limiting my purchasing power!
I’m currently in my primary residence which I purchased in 2011 but I want to purchase a second home to rent for cash flow. I have 20k for a down payment but having the first mortgage the amounts that I’m qualifying f...
Robert M.
Interest rates on the rise
What do you foresee happening with in the housing and rental market now that Janet Yellen has increased rates and has alluded to at least three more hikes in 2017?
Alan Sue
Power of Attorney for a purchase without an address
Some background, I'm an American living in Japan, and trying to do real estate in the US from abroad. That makes for all sorts of fun beyond just the time difference. It also means each notarized signature costs about...
Daniel Gibson
How do DTI levels impact purchasing power/price point?
Hi folks, I have a DTI of around 30% and I'm wondering if the higher your DTI the lower of a mortgage you'll be able to qualify for? For instance if I were to be right at the upper DTI limit for a given lender, would ...
Tanjank Pena
Using Real Estate Software to Increase Your Purchasing Power
Hello BP's,So I watched this webinar last night for the Motivated Sellers Now Software, and I would like to get my systems in place as I begin this journey and I am interested in utilizing software as one avenue to si...
Sean Dulcio
First Rental Property in 2016
Good morning BP members, I need some help on this decision. I'm looking to make my first rental property purchase in 2016. I live in Miami, Florida and wondering which is the best way for me to purchase a multifamily ...
Shawn Abe
DTI calculation for an FHA Multifamily loan
How do I calculate my purchasing power for an owner occupied multifamily unit using an FHA loan? Is 75% of rental income subtracted from the PITI payment, or is it added onto my monthly income?