Brendan O'Brien
Scoring Prospects Like a Credit Report
I just put up an article on avoiding the appearance of discrimination and mentioned the tenant scoring system I use to vet prospective tenants. I feel this is the best method for accurately comparing prospects and wo...
Account Closed
High DTI, credit score 760+, W2 income 300k+
Hello all,I am looking to purchase a home overseas as a holiday home/ air bnb. I own 4 rental properties and my tax returns have quite a bit of write offs resulting in high DTI. Besides that, I have plenty of equity b...
Dan Miller
ugly house REO
There is an ugly REO (looks like the foreclosed owner had a going away party), and it has a realtor sign in the yard. However, when I called the realtor, I was told that the bank hadn't figured out how to price the p...
Luis Rojas
Appraisal value came in to low Help!
I just received an appraisal for $50K and I am in contract with the seller (Fannie Mae) at $71K. on a investment property (Duplex). Now I haven't talked to my lender yet but If the lender was still willing to give me ...
Chris C.
anyone try buying a house with a personal loan?
I know someone that is looking at a house tomorrow and if they like it plan on getting a personal loan to pay for the balance probably 10-15k so I was just curious if anyone did this before? I thought about trying it ...
Kerstin Cobb
Winona - First Fix & Flip
Investment Info:
Single-family residence fix & flip investment.
Purchase price: $160,000
Cash invested: $76,500
Sale price: $260,000
We were lucky on this property in a very competitive marke...
Dustin Jack
Buying an REO, need help running the numbers.
Hello everyone, thanks for the help in advance.I am looking to purchase a foreclosed property, the property is currently listed for $104k. My last offer for $85k was rejected, the property is in a generally good state...
Tejas Kotecha
What should I keep in mind while Seller financing my property?
Hi, I am considering seller financing one of the property I am selling. I got it off HUD auction and it has too many use restrictions for any lender to lend on it; and buyer's loan application is getting rejected from...
Michael Andrews
DTI issue - new primary residence using starter home as rental
Hello BP community, we're interested in moving into a new home (fixer upper we can eventually rent as well) to free up our existing house that we have hacked to use as a SFR. We attempted to get a mortgage for a new ...
Kevin Sabet
Refinance Investment Co-Op in NYC
Recently rented out my co-op to friends for the first time. Manhattan 2 bedroom with 600K owed. Want to refinance but having a very hard time finding a lender. One big bank took me through all the steps and then rejec...