I have a note that I'm looking to buy - the property is in rural Nevada, so not a desirable area. Current balance on the note is $980k, interest rate is 6%, payments are $10k/month, 9 years left on the note, balloon a...
What is the 'proper' way to calculate Debt to Income, and what is its importance as one moves along with a buy and hold portfolio?I'm trying to be prepared with a framework that would give us an 'exit' strategy, or at...
Hi, I'm looking at an investment property, an eight unit apartment building to be exact, that is priced at $950k. Based on my cash flow analysis off the income expense statements I've received, I'm evaluating this bui...
Hey All!
New to BiggerPockets and my first post, so take it easy on me :)
My wife and I are looking to start investing out of state. We'd love to invest in our own market(outside of our primary residence), but we l...
My wife and I are looking at a triplex in Florida, we currently live in Illinois and are trying to change permanent residency. We are trying to get a Pre-approval with just her income, she works remotely and I am an e...
I am buying a house for way uner value in 2 months. I was going to take a home equity loan out in a few years and put 25K down on a duplex. Someone told me that it is very hard to get a mortgage if you took out a home...
I'm considering buying in to a syndication with some cash on hand. BUT! I have plenty of avenues to use leverage to increase my syndication buying power (HELOC, Pledged Asset LOC, 401k loan). Everyone talks about usin...
Hey BP,I need to know if there is any legal recourse for the situation my wife and I have found ourselves in.We applied for a mortgage on a condo in the Cleveland market, we received the pre-qualification and placed t...
I’m looking at an off-market 12-unit apartment complex in a C+ or B- area in Saint Louis and have two questions:1.What is a valid purchase price based on the property fundamentals?2.I have a bit over $100k to invest s...
Hello!I've been working hard to build my rental property portfolio. But I'm currently at a dead end! I currently have 7 rental property mortgages, all Cash flowing decently and with some equity on them. The thing is ...