Hello BP members! We are preparing to leave our W2 jobs in a few months to move into full time real estate investing. We have a good amount of equity in our primary residence as well as one of our rentals and we would...
Hello All,I’ve read a lot about staying away from D class neighborhoods. I’m curious to know who invests in those types of neighborhoods and how have your experience been with collecting rents during this situation. I...
Is a 203 K loan restrictive as to choosing the contractor, etc ?My mortgage Loan officer tells me it is a tedious process. Is that true?
Hi all,I am currently looking for a short term HML on owner occupied home for my parent wishing to "fix and sell" by May 2019.I got a quote for $50k on home rehab on $710k value home in California and have home equity...
I received an email from Realty Bid which I bid though some times about Fay Services. I copied and pasted part of the add below. I just thought a 30 year fixed with 15% down, no income or Employment ver. was wild. The...
I have recently heard of DSCR loan and wondering if anyone has more information on it. Or if you have had personally used them. Are their any draw back or restrictions? Thanks in advance
I was wondering if it was possible to do a cash out refinancing for a commercial property without a w2 job. For a conventional 30 year residential, this is not possible as banks look at income.However, I believe this ...
if a prospective tenant is self employed I can’t ask for w2 verification. So I can ask for the copy of taxes. 1) what tax form should I ask for ? 1099? 2) anybody can fake tax form (fotoshop year 2013 into 2018, et...
As landlords, how do you run credit reports/checks against your applicants? Any particular service/website you use? I do have their information including SSN that was turned in as part of the application form.Thanks!
Hi,
I’m at a crossroads with a startup idea I’m passionate about and could really use some advice from this knowledgeable community.
I’m currently working on building a platform aimed at revolutionizing the way we a...