If we might normally qualify for a conventional loan for 500k. However, we have a heloc for 100k, does that mean the banks will limit our loan to 400k?
Hi everyone,I am currently a graduate student with 1 year of part time income. I have read that since I was in school that lead directly to my job, this can make up for the part time income requirement of 24 months. B...
Hello everyone In need of advice again from experienced folks out there . We have received an application from a tenant who makes $200k a year gross , two people -wife stays at home. They pay all thier bills on time b...
Hello All,
What are the thoughts on paying off a mortgage prior to buying my next rental property? I could have a rental ($35k owed) and my home ($103k owed) paid off in the next three years. Does this make sense to ...
So how do you calculate a BRRRR when adding sqft? Exp: 2/1 SFR 1512 Sqft, 10,123 Lot. So while i'm running the numbers should I calculate as an 2/1 fixer upper or an already finished/renovated 3/2 ? So would I factor ...
I heard recently about DSCR loan’s. What’s your opinions about this type of loans? Should I consider using this loans?
The Orange County Register ran this article by me on 11/6/2011, and I though you-all might like it.
Debt is the worst drug in America, because it directly harms the most people.
The debt pushers have en...
Hi Bigger Pockets Family,Looking for advice here! All comments are welcome and thank you in advance. My fiancé recently finished her residency and is working full time as a dentist. We both make pretty good salaries a...
When underwriting a commercial property, what is an example of bad debt and what is an example of credit loss (how does this differ from vacancy loss)?Thanks
Like a lot of young people have done my wife and I have managed to place a lot of debt on top of ourselves, some of it good some of it bad. My wife is a teacher making 35000 a year. She is a 10 month employee so her p...