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Results (10000)
Sean Bramble How would a lender underwrite this scenario?
12 December 2022 | 4 replies

I'm interested in doing a DTI-based construction to perm loan to build property. I qualify today based on my DTI, but have a large untapped securities backed LOC that I am planning to use temporarily for another inves...

Nick Bennett Rental income considered for HELOC
17 July 2020 | 5 replies

We recently applied for our firs HELOC on our rental property which has experienced significant appreciation.We both have decent paying W-2 employment jobs plus the rental income (45200 or so annually) the 2 companies...

Jordan Mandel Help! Accepting Applications + Discrimination Lawsuit
16 May 2022 | 5 replies

TL;DR - The first application I accepted for my new rental is from my second choice of potential tenants. Am I risking a discrimination lawsuit if I don't provide this tenant the first opportunity to rent? - I accepte...

David Boroughes Financing question. Loan type?
4 December 2017 | 5 replies

Looking to finance 75% of $1,000,000 for a 12 unit apartment complex which grosses $110K, expenses are $40,000, so NOI $70,000 (not including debt service). I'd be purchasing as an LLC and am looking to have the prope...

Joshua McGinnis How to Finance Large Mixed-Use Building
25 June 2014 | 1 reply

I recently came across a fantastic $11mm building with 16 lofts in downtown Los Angeles.Now, I'm not actually interested in pursuing the building. But let's assume the building met all of my qualifications and I wante...

Jack Martin No income needed for investment properties
12 July 2022 | 2 replies

Maybe everyone knows about this program; it's called DSCR which stands for Debt Service Coverage Ratio. So, depending on what your cash flow is, qualifying is based on what your RENTAL income vs. debt service is. Even...

Account Closed Thoughts on this financial freedom plan?
19 March 2017 | 4 replies

Hey BPI'm in the early education/planning phase of my REI journey, laying out a road map to financial freedom, and I'd really like your input.I am leaning heavily toward a focus on multi-family rentals and want to see...

Garret Coffman Help Analyze Deal Pittsburgh PA Greenfield Area
29 March 2020 | 3 replies

Hello,
First time posting here looking to buy my first deal soon.https://www.zillow.com/homedetails/525-Farnsworth-St-Pittsburgh-PA-15207/11544694_zpid/ <--- Not planning on buying just verifying I get this.
I'm ...

Alex Moazeni I'm already maxed out what do I do?
1 March 2021 | 15 replies

Hi.I've told from my lender that I already maxed out and won't be able to buy more property unless report more income for 2020.Question; is there any other way besides of reporting more income,to get approved for anot...

Damian Baynes Pre-Approval Woes
28 April 2012 | 4 replies

Hello all,

I'm a new member and I'm very glad I stumbled upon this forum. I have a question regarding pre-approval for a mortgage. I'm looking to buy a 2-3 fam home with a partner of mine and we are looking to get a ...