Scott Anderson
St Louis Banks/Lenders
Hey BP members, looking for great banks to work with in the St. Louis metro area. Will be looking to build a solid relationship with a great bank(s). To go with that, anyone having success with getting 20/30 year fixe...
Barima Opong-Owusu
What Exit Strategy to use in this potential deal...
I've wholesaling for a few months now with my first deal under my belt. I've been looking to do some lease options and from my marketing I have a very motivated seller. We haven't discussed the terms of a lease opt...
Jackson Tate
15% Down with No PMI?
Has anyone found and had a good experience with a lender who does 15% down with no PMI on an owner occupied home?
Susan Franco
Conflicting advice regarding paperwork
I am a newbie here, and am getting conflicting advice from others.I got the seller of a property to give me a signed "option to Purchase"agreement, however I am getting differing opinions that you first need a stan...
Dondi Sanchez
Short Sale Purchase
Hello,
My name is Dondi. I'm looking at a house in Gatlinburg TN. It will be used as a vacation home for us. It's currently on a rental. I don't know for sure yet if we will keep it on a rental for us yet. Mostly like...
Aaron May
Does contributing more to 401k negatively impact my lendability
Does maxing out my 401k negatively impact my ability to borrow from the bank? I.E does it reduce my income and therefore throw off my debt to income ratio or does the bank give me credit for those funds knowing I coul...
Victor Morgan
About to pull the trigger: Questions about making first rental specific purchases
Hello BiggerPocket Community,I currently have one rental (the home that I used to live in) and am refinancing so I will soon have ~60k to spend on purchasing rental properties.I'm looking at two properties and would a...
Mehran K.
Land Trust, LLC as Beneficiary, Ownership %'s and Operating Agreement?
Hi everyone, Hoping to get some insight/ideas on the 3 questions below, prior to confirming with legal counsel. I am new to this particular land trust setup. I can't be the first person that's done this for sure.I hav...
Christian M.
How to Sell a Lease Option flip
Hi, everyone! I have a house that I acquired through a lease option. The owner knows that my intention is to fix it then sell it. I have a specific purchase price with the owner and am about to complete the rehab o...
Devon Martin
A question about the 2% rule
I’m planning on starting my investment career by house hacking probably a duplex. With the 2% rule, if I’m going to be living in one half of the building, should I look to achieve only 1% of value of the entire buildi...