Alex D.
Financing options with low to no income?
Hey BP,If you have the ability to put together enough capital for a 20-25% down payment without a current source of taxable income for a rent property, what options are there for financing? Thanks!
Page Weil
How is DTI calculated and when am I safe to buy another door?
How do underwriters calculate DTI when I have several leased rental properties? This may seem like an obvious question, but my last experience is that there is more to it than [rent payments] - [PITI] - [1% repairs]I...
Adam Blandford
Help with 2nd investment
I am a 24 year old Marine Veteran that separated active duty service in July 2021. I bought my first house in September 2021, a 3 bed 1.5 bath 1200 sq ft with a detached garage. Purchase price 355k on a 5% fha loan. I...
George Turner
Owner Occupied Property Analysis using FHA (Akron, OH)
Hey all,My name is Tre and I'm just running the numbers are properties. Figured I would post this here and see what you all thought.For this MF, they are asking $129,900 and I would use an FHA at 3.5%.Income:Rent - Ma...
Craig Anderson
Purchase nothing down, balloon payment
Hi there, I need some help structuring a deal and figuring out my COC. There's a property that I'm negotiating with the owner on seller financing. Here's the deal presented at the moment:$600K purchase price, Nothing...
Charlie McMunn
Creative lending options
I’m a contractor in Pittsburgh and I’m looking to purchase an investment property for 60k that’s on the mls. I used depreciation to lower my tax burden for not only my rental property but for my business as well last ...
Marcus Jimenez
Selling as private owner to a 100% owned LLC via DSCR loan
Hell Bigger Pockets Fam, I am wondering if it is legal to sell an investment property that I am currently under my personal name to my LLC via a DSCR loan. This would transfer title to my LLC and allow me to technica...
Lois S.
Applicant income source - Foster kids
If the only source of income prospective tenant has is income from foster parenting, how would you respond?
Steve Potash
Multifamily Strategies and Brainstorming for additional income
Hi Everyone, I'm Steve and I'm new to BP, but have been investing in multi-family for 24 years. I'm looking for other seasoned multi-family investors to brainstorm on how they generate additional income streams. As e...
Don Hines
I met my new neighbor.
The house next door sold recently and I met the new neighbor yesterday evening. Our discussions lead to where we work (at my day job). He is a comercial lending officer for a bank that I see mentioned frequently on BP...