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I'm working with a guy that purchase a primary residence. Instead of taking out a 203k loan or even an FHA loan he put 20% down. He was under the assumption he would be able to take out the rehab costs at the end of...
just bought my first house, my debt to income on the first house was closer to being an issue than not. What ways are there to get another property without over extending myself in the banks eyes and how to achieve a ...
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Assuming a prospective tenant has shining references from previous landlord, over sufficient income for rent, but bad credit (following divorce, etc.) and possibly considering bankruptcy to begin rebuilding credit, wh...
I bought a property six months ago for $250.00 subject to mortgages totaling $275K (2 liens, one lender. I was able to negotiate with the lender and paid off the liens in full for $85K. This wasn't a short sale as I...
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Hello everyone,I’ve been doing my research on and off. As I would like to purchase my first property to rent. However, I make 25k and was denied a 235k loan 🤭. I’m looking for a second job at the moment as a customer ...
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when calculating your ROI on a rental property - do you eliminate the principal portion of your mortgage payment since you are essentially paying yourself?
For example:
Purchase Price: $174,000
Mortgag...
My husband and I own a fourplex that cash flows extremely well. We both work full time for a property management company, and always wanted to own real estate of our own for the purpose of building wealth, having fina...
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Hello! My name is DJ and I am a new investor located in Charlotte, NC. I have my NC real estate license and I work with a buyer who does about 6-8 deals a month in the greater Charlotte area. I'm here on BiggerPockets...
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hello all, I am an aspiring real estate investor and I have a few questions when starting out. I am currently in the process of eliminating all my debt (about 7000) and then resume my savings. I am aiming for a home b...
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Hi everyone!
So here is my dilemma. I graduated back in 2012 and been working ever since. I have a full time job which allows me to pay for my expenses and have a bit of cash for myself which I tend to save. ...