Account Closed
Figuring out ROI
Can anyone give me advice on how to figure out cashflow for rental properties.A lot of detail but simplicity would be best, Im gearing up to purchase my first multi-family home.I am already approved for the loan and h...
Carlson Driver
Do expenses on long term rental reduce earned income
I have a long term rental in a duplex (one of which is already rented) that we are just putting on the market. We have spent say about $10K of money to rehab the property before renting it out. Assuming that our taxab...
Joel Nobles
Tips for looking financially better for lenders
Looking to get into real estate investing. Primarily rental properties. I have saved up a good amount first my first investment, but dont have enough income to get approved for a certain amount, any idea of what i can...
Account Closed
denied credit with good credit score
I got denied credit for the first time, applying for a heloc and then a car loan. Now before you go off- I'm probably not going to get a car and make payments. It's not financially wise. I have never done so in the pa...
Jenna Goldstein
Mortgage 50% of income?
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...
Adam Pervez
Seeking Advice on expanding my Real Estate Portfolio
Hi BP Community,
I am writing this post because I feel like I have been stuck in expanding my current portfolio. I am 27 years old and earn around 150-160k in gross income from my W2 which is remote. I have a duplex...
Douglas Gross
Financing for low-income properties
Hi everyone. About six months ago i purchased my first property: a single family, about $45K that i bought with cash and is cash flowing at about $400 a month. I am now looking to buy a second (and possibly third) pro...
Brian Crutchfield
Circumventing DTI Requirements
Hi all. I posted this question in another post, but it seems I kind of "buried the lead" in a long post with details on my current situation, and no one felt like reading all the way to the end!Quick background:My wif...
Andrew Saquing
Help me analyze this fourplex!
Hi everyone! Thank you in advance for your help. I am very new to investing so any criticism is appreciated. I will be a first time homebuyer trying to qualify for the FHA loan putting 3.5% down
Property is a fourp...
Account Closed
Commercial Multifamily Investment Opportunity - Advice Needed
I would appreciate your feedback on this commercial multifamily opportunity I am evaluating
YTD Rental Income $57k
YTD Expenses including water, taxes, Insurance $27k
NOI $30k
The property i...