Keith Linne
Apartment Building Deal Analysis
We have an off-market 18 unit apartment building under contract, with a mix of units (1 studio, (6) 1BR and (11) 2BR units).I own 10 units in the area; however, they are a mix of 1-3 unit buildings. I'm much more expe...
Juan Castro
HELOC for BRRRR, will it affect my DTI for the refinance?
Hi all, I'm looking to start a BRRRR project soon and I'm considering using my HELOC for financing the project. I have a HELOC with $140k and interest of 4.13% (variable) and about 50k cash. So I know a lot of you rel...
Noah Krietsch
Multyfamily Asset Criteria to Give to Brokers
Hello All.I am working on a very clear and concise "send-out" to give to commercial brokers / brokerages that tells them who me and my partner are, our background, why we want to work with this broker/brokerage, and l...
Nate R.
Refinancing but not sure now
I started a refinance application on my residence and I'm kind of having some second thoughts about it. It appraised at $370k, with about $189 left on the first mortgage balance. I also have a HELOC with a limit of $6...
Jeremy Absher
Advice Wanted: Best Loan Option
I have $250k cash and I’m wanting to leverage that to invest in 3-4 properties in the central Florida area. As far as I know I can get one property with 20% down and conventional financing. After that I believe I’ll b...
Duke Giordano
Bad Debt, Concessions, Vacancy... The new syndication world.
Hello All,Can someone help me understand a particular term, Bad debt. In addition, what is means to see increased "Bad Debt" at this time, both in general and in quantitative terms. If this value (Bad Debt) does ch...
Morgan Truitt
Lender being Shady
Hey all, I am closing on my first property in less than two weeks. My PMI has changed 3 times, supposedly my lender had included my 2nd income but during under writing this was changed to not be included, since I have...
John Levonius
First mortgage is ARM. How to calculate DTI for second mortgage?
Hello Forum!I am a long time lurker, first time poster! A quick intro first. I live in California and have been renting for a while. My main interest is to buy a handful of properties, live in one and rent a couple ou...
Chase A.
Is leverage safe or risky?
Is it safer to own a property free and clear rather than leveraging? If the real estate market crashes again like it did in 2007-2008 aren't people who are leveraging at a risk to loose everything?
Mike Holland
Hello from Las Vegas, NV
Hello all,My name is Michael Holland and I wondered across the Biggerpockets pod cast on YouTube and decided to join the forum. I am 33 years old and a 14 year Air Force veteran. I was recently separated becaus...