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Hi, my banker said - We are needing a minimum extra $20k in cash flow in order for this to debt service at 1.25x, which is the industry standard lowest it can be to approve loans, your's now is .98x. Is it possible t...
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Im going to buy my first Airbnb (had one with a partner a few years ago but it didnt do to well so we sold it after 2 years, was a breakeven deal pretty much)So trying to do some more research and due diligence this t...
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I was hoping to get as much input as possible on my first deal
reo
purchase price- 300k
down payment- $10,500
fha owner occupied 3 unit
$1050 a unit gross rent
$2650- p.i.t.i,
vacancy rate- 4%
low maintenance, built...
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Interesting article. Denver rents projected to be up 9.0% year-over-year (tops in the nation!), even better than San Francisco at a still impressive 8.5%.http://kdvr.com/2015/04/14/study-denver-apartment-rent-increas...
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Dear Mr. Bernanke, Ms. Yellen, and the entire FOMC,
I am writing this belated letter to thank you for the $4,000,000,000,000 (Trillion) in monetary base, countless billions in MBS purchases, and aggressive ...
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Evaluating a triplex in Lousiville, Ky. Louisville is known to have a lot of older homes, but how old is too old?
The house is built in 1904. Three 2 bed, 1 bath units. Two out of the three are currently rented. Cons...
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Hello all,
I am fairly new to the Bigger Pockets community. I am looking to purchase my first property with my boyfriend and partner, Michael, in the next few months. Ideally we would like to get the loan together an...
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I am writing you guys to help me figure out if I can make this a deal or not?
It is a mobile home park, with 48 lots (leased for $150.00), no park owned homes, and pays for their own utilities, 44 lots occupi...
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Hello, I ran across a conversion strategy where an annuity company would add a significant cash bonus to my IRA conversion account to cover the conversion taxes so my conversion is tax free to me (well some what). T...
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I don't care about deals that were 'successfully' exited in 2021.Here's why:→ Real estate market was on fire→ Interest rates were at historic lows→ Market appreciation was outrageousSponsors could buy a propertydo bas...