is this definitely a rule? If you have other mortgages and you want to purchase another using a fha loan the home your living in must have 25% equity in order to use the loan?The previous mortgages are NOT fha ..this ...
Now I know that this test is just a ball park number and should be taken with a grain of salt, but in the book, "Rental Property Investing" by Brandon Turner, he gives an example on a $300,000 home with the rental inc...
Hi Fellow BPers,
I am looking into duplexes or triplexes. However, I’m confused as to how one applies the 1% rule. I know the 1% rule is not set in stone but if I wanted to use it as a rough metric should I be loo...
We are kind of new investors, started out last year. One year is about to end on one of the properties. What should be the general annual increase rate in rent? And if we want to give the month to month option how muc...
The 1% rule is a nice easy metric to use. What's the reasoning behind the number 1%?
Hey BP, how difficult is it to get a 5% down loan already owning 2 properties.? It would be owner occupied. Getting lost here on how to go about purchasing a 3rd property.. I don't have 80% LTV in my other 2 yet or en...
hello BP. I would like to know opinions about what's a good percentage to shoot for in regards to rent rates compared to purchase price (i.e. 2 percent rule) in the Houston area. Thanks!
I subscribe to different news updates and today one caught my eye, the Guild Mortgage 1% down payment conventional loan. Link to the press release is below. I am in no way affiliated with Guild Mortgage, but I am curi...
HelloMy name is Justin Curtis. I live in Waverly TN. About a hour west of Nashville. I currently have 36 doors. I was wondering if the rest of the country is getting good deals in small towns? I’m just getting ready t...
How do I find investors that will 100 percent finance a project I will do all the work and they will make a nice profit