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I have been looking for my first investment property for the last 90 days. Owner occupied multi-family. I’ve looked at dozens of houses and have even placed three offers that were ultimately rejected for a different o...
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I found one mortgage broker who is willing to qualify me for a triplex BASED ON THE CASHFLOW ALONE. She said: All you need is the money for the downpayment since the DebtCoverageRatio is so high. Of course... that was...
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I've done some creative financing, sorta house-hacking, and reno/refi with primary residences, but still trying to find a path to my first true investment property. Affordability is a big challenge in the bay area bu...
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Hello fellow BP family,
I am in need of some advice on how to proceed..but first I will give a description of my house hack.
Bought my first SFH in December of last year by using the BP analysis. I bought a 3B1B. ...
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Hi all,Wanted to see if anyone run into this issue and can offer advice. I'm working with commercial lender for financing and put in my first offer on a fix/flip property. Offer had financial contingency and our agent...
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Hi everyone, first time posting here and could use some advice. I spoke to a lender for the first time and they told me that I don't have enough income to qualify for a loan on a multi-family property in our area. Wha...
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Hi BP,I'm formulating my options for financing an owner occupied 2-4 unit in upstate New York. I found a lending service (Bankers Healthcare Group) specific for health care professionals (I will be a physician assista...
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Today I saw a SFH across the street from one I already own (big plus). The numbers work (1.5 % of pp for rent), however the stone foundation has small cracks., and is bulging in one place . It is still very solid and ...
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Hello, I am brand new to bigger pockets. I have bought rental properties in the past so I have some experience and have recently gotten my real estate license. I found a property that if split into two units could yie...
I’m hoping to become a real estate agent so that I can one day become a broker my question is what are the major differences between having a real estate license and simply investing in real estate. Also how reasonabl...