I know cash is KING but I was hoping from some clarification in the whole aspect of not flipping but buying property and renting it out. I keep hearing this 50% rule and what not, but just want to see if anyone has an...
Why can a mortgage be only 50% of your income? For many, we pay 90% or more towards rent. Why so strict for a mortgage?Seems like the system is designed to make you fail...
I have a single-family property that hasn't appreciated much in the time that I have owned it, but through my value-add activities I have driven the rents up considerably. I split the property and now it is a 3/2 and ...
Looking for someone who can help explain to my wife and I how to go through purchasing a duplex as owner occupied and renting out the other for passive income. This would be our first home
I know nothing about this. Do you pay a mortgage like on a typical property, or are there other names. How about paying wherer you're located. Do you have bills to bull sewage and water as well?
I currently have 10 Conventional mortgages and I was told that is the maximum Fannie Mae allows; so the big banks are not able to finance any new purchase. I have 2 houses (in Kansas City, MO) I had bought with cash a...
I'm attempting to learn more about Take out Loan Options. I'm finding contradictory information when perform online research. Below are a few notes I've created. Looking for assistance filling in gaps. Thanks in ...
Hello All! Starting out the investment journey, after some research it appears the typical approach to the BRRR method is to use cash or some form of hard money to purchase the property and kick off the BRRRR process....
Hello BP investors! I really want to get HELOC, and have no idea where to get it. What's the first step I should do to get it?
What are typical procedures that I should expect? Thanks a lot!
I'm still doing the pre-license course. I'm writing it all down in a big note book to help me memorize it all.I came across this on Real Estate Express' course.My question: Why does this list both PMI (Private Mortgag...