Brent Salazar
My DTI has hit a wall
Hello BP,I have an interesting problem. I currently own 2 duplexes in my home town. 1 has tenants and the other I am house hacking. I am ready for my next deal and have hit a wall with conventional financing. The bank...
Luke G.
Large House Split Based on # of People?
So I currently have 65 long term units that I own and I recently purchased my first property that I'll be going the STR route with.Basically, I just bought a large (4300 square feet) cabin on Lake Superior that is ess...
Tim Hoskins
Questions about renting out my current home, and getting another mortgage on a second home.
I have done a lot of research about this, and what I know isn't a lot.
I know I can't have more than one FHA loan at a time and I have to live in the FHA loaned home. I currently have an FHA loan on my home. My inter...
Ericka G.
Refinance or Pay Off Mortgage?
Hi all,Need some advice. I moved into one of my rentals full time. It was purchased on a 5/1 ARM at 3.875% about 5 years ago and started out as an accidental house hack due to a temporary out of state work assignment....
Account Closed
corn farmers, empty lots
is there anything i can do with empty lots? how do i know if one lot is better than another? on craiglist there are hundreds of people trying to sell lots and am wondering if it is anything special and how to wholesal...
Trevis Kelley
Debt, no money, decent income - how to start
Warning - this may be a long post - I will try to section it off. I have an on/off relationship with RE as I've always been drawn to it and always screwed it up - and then listened to those in my life who told me tha...
Daniel Ortiz
Student Loan Debt - Enough to Buy a House!
Hey Everyone, It's no secret that Americans owe over $1 trillion in student loan debt, spreading out over millions of borrows. I'm curious to hear how other successful real estate investors who were once faced with th...
Darius White
Will there be 100k properties in 10 years?
New to investing and trying to fully create a 10 year vision or business plan. Currently I plan to save 2k a month. To increase the amount of units I can purchase and cash flow I want to stick with property under 100k...
David Hanson
How much cash flow and cap rate is enough?
Need some advice. I'm looking at a 12 unit property that IMHO is overpriced because it breaks even ($0 cash flow) after all expenses and debt service (1.0 DSCR). Cap rate is 5.8% which doesn't seem too bad. I'm try...
Samuel S.
Foreclosure process/costs after purchasing non performing note?
Hey BP,So say I was to purchase a non-performing note, and ended up having to foreclose on the property...What would be the ballpark costs associated to execute the foreclosure? Would it be roughly the same as when tr...