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Hey BP family!
I want to use creative financing on my next deal. A common objection I hear when speaking to sellers is that they'd love to sell to me subject to but it will affect their DTI when they go to buy a new...
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How would you structure a partnership, where one partner is putting up the money, and time, and the other is just basically acting as a co-signer?I was all set to close on my first deal, and the issue of debt to incom...
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I found a 100 unit deal at a cheap price per door but when I saw the T 12 the bad debt gets larger every single month… The last month the bad debt was 25% of the income. What would you do in that situation in today’s ...
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Hello there, I would appreciate some extra eyes on this deal. I've run it a few ways and would like to better understand if this deal makes sense in a market like Brooklyn. Welcome your thoughts and suggestions. Thank...
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I understand that if I do a cash-out refinance on an investment property (Property A), and use the extra funds as down-payment for my next property (Property B), then I can deduct the interest paid on the cashed-out f...
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Hello BP members,* tried searching BP for a definitive answer and couldn't find one** I need some help understanding the process of moving from Bridge-loan to Traditional-loans* I'm practicing running proForma-charts...
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Say I buy an investment property tomorrow with a partner and we split the down payment and equity 75/25 (75% him, 25% me), and the total monthly payment is $1,000. If I go to buy a new house hack property next year an...
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Just a thought, and curious as to others' thoughts on this as well...I've been thinking about the DTI (debt-to-income) ratio used in lending decisions. For those unfamiliar, lenders typically will not lend to a borrow...
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do you guys think that the rates that hard money lenders that provide rental loans are so close to what conviental banks offer that HML are easier to refinance with?
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My wife and I are are two recent dental school graduates. My wife works in Brookfield and I work at the Naval Base at Great Lakes. Together we carry about $350,000 of student debt. Now that we finally have paychecks r...