Julian Ramirez luna
Advise on my first Condo purchased
Hello Everyone,I Just wanted to get some advise on a recent move that I did to see if it was a good move or not, and if it was not a good move, can you give please some advise for the future.In June, I bought my first...
Jade Stobbe
Air Force Physician - One Single Home
Hello everyone!My name is Jade Stobbe and I am a 31-year-old captain and physician in the Air Force. I'm from Portland, Oregon originally and have lived all over the country. I purchased my first single family home in...
Janee Gibson
How to use rental income to qualify for new mortgage
Hello,I currently rent out a single family home (15 months so far) for $1250 per month and I live with my fiance rent free. I am looking to purchase another single family house to use as my primary residence. Currentl...
Suzanna Lam
Personal BK
Seller is separating from husband who's gonna file a personal BK soon. Both seller's and husband's names are on the deed and on the loan. LTV is 93%. Loan term is adjustable 1 year ARM. Monthly payment is $2,700 P...
Eric Black
Help me understand how insurance works in a subject-to deal
We have been exploring purchasing a contract for a subject-to deal but haven't been able to understand one issue.
A few of the properties we have looked at the mortgage payment was PITI, which we understand.
...
Jonathan Farber
What amount reserves to keep in your rental bank accounts?
Hey all, doing some financial planning this week as we are looking to add some properties. Call me old fashion, but I like the idea of having a few months PITI (Principle, interest, tax, insurance). Any good rules o...
Jeffrey Yarusso
Rental Property start up questions
Hey guys I am a huge fan of BiggerPockets and this is my first post on the forum. My questions refer to starting out with rental properties. I understand that the market is significantly inflated right now making it h...
Mike Cartmell
Deal Analysis - Subject To on VA loan
Hi All,
I have come across a property that the seller will sell subject to the existing mortage. He owes approximately 140k and its worth around 150k. Not much equity but the existing financing makes it att...
Chris Alfter
Renting a Condo without rehab
For my first real estate investment I have access to the funds that would allow me to put 20% down on 2 or 3 $200,000ish Condos.The Condo’s are in good condition and would not need any rehab.Is it smart, stupid, wise,...
Dustin B.
Purchase and Lease-back
Working on structuring a deal and would like to know how others may have done it/experiences. Have a family I am working with, they are looking to buy something larger for their family, pay off some debt and I am look...