I was applying for a DSCR on my rental property (cash out refinance) and everything seemed ok, my FICO 680, DSCR 1.08, Appraisal $179K, LTV 65%.
Unfortunately, the lender cannot close due to derogatory on record on m...
View reportGood Morning BP community,
I am trying to analyze a duplex that is right by my house to see if it is worth buying. I have attached the BP rental calculator report to this post. I will be self managing the...
There is an 8 unit building in my area that I've been looking at and am curious to know if there is any difference in the rents I can expect to get for an apartment as opposed to a single family home (which is what I'...
Hi BP! So I feel like I never find much info on this or not really what I’m looking for when I do come across info. Maybe someone with more experience can help. When you become a landlord really what is your number on...
Looking for feedback on this potential deal on a fourplex in my area.
Purchase price: $160,000
Gross rents: $2600 per month.
Principal + Interest: -$648. (20% down. 30 year fixed loan at 4.5%)
Expenses
T...
Hello,My name is Steve! I am new to the forum and the Biggerpockets family. I had a question regarding a starting price point on obtaining my first rental property investment. I set a budget for 250k which is roughly ...
Hi BP, I am a newbie so bear with me. I recently bought a SF and house hacking it with family members, it is negative cash flow of course, but not too bad.I am qualified for an FHA loan for another SFR or MFR.But it i...
My wife are in escrow on our first rental property purchase (in the Columbus, Ohio market) and are underway with inspection, finalizing the loan, getting quotes on homeowners insurance, interviewing property managers,...
I am new to the real estate investing space but am looking for a long-term rental property in the North Carolina or even South Carolina area. The only issue is that when I use some of those rules I've been reading abo...
Hi BP Community,
Inspired by seeing other people’s posts on their success, I figured I would do a post as well and write a summary report on it.
Background:
I live in California and own out-of-state rental propert...