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Does anyone have insights on how much down payment is required for an apartment building? From various sources I received very different amounts, ranging from 10% to 33%. Does it vary with the type of lender? Thank...
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I might have an opportunity to take on a subject to loan. Is this a good idea?Im taking on a loan amount of $144,236. 28 years left on mortgage, 2.875% interest on the note ($956 payment). I can get 1200 maybe more a...
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Hi! I’m a newbe here. Need some views on this deal I’m interested in. This is my first one which I’m planning to put an offer on.Asking price:135kGross annual income: 29500Taxes:4500Units: 4 (fully rented-all studios ...
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So me and my wife have 7 SFH’s and a duplex. All great returns and cash flowing great. Really interested in a 9 unit apartment building has a attached little office and a nice new storage building/garage on property. ...
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I'm looking at a deal on a 6 unit (2 bedroom 1 bath x 6). The current owner is only renting 5 of the 6 units, and the 6th unit has a live in handyman who doesn't pay rent and works for "free". Current gross rent is $3...
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Hey guys,So my wife and I are looking to get a loan to buy our first house together. However I'm in the process of immigrating. I'm in the country for good, just waiting 12-24 months to get my permanent residency, whi...
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Okay so I have always been interested in housing/real estate and I work a 9-5 focused on housing. I recently took out a Heloc on my primary home to do a repair and consolidate some debt. Now that that’s done I am look...
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Hi Bigger PocketsI really enjoy reading the forum, blog, as well as BP books by Brandon Turner and Trench. I enjoy trying to figure out what strategies will work best for me.It does seem like many members here are al...
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Hey there! So we are thinking about DSCR loans to acquire our first investment properties. We do not currently own a home though.. I have heard in some instances that leaders will require you to own a home already to ...
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Getting a good chunk of change back from IRS and I want to start investing by buying a property in the $80-$90k range ready to rent out but the wife thinks we should eliminate our debt first. Is it a good idea to get ...