David Mirza
how do banks calculate income for an existing rental
I understand that for a Fannie Mae conventional loan, if you don't have tax returns for a rental, most lenders will count 75% of your rent as income and the full PITI as your debt. The part where I'm not clear on is ...
Mark Albano
Single family? Townhome?
Hey everyone. I have no experience in buying rental properties but I have done a ton of reading and I have a written plan to get started in the next 5-7 months. One topic I find a lot of negative comments about are to...
Anthony Garcia
Is starting in single fam. developing recommended for beginners?
This is a semi-long preface before the question just so you understand the situation. Sorry guys! So I've been seeking a flip property here in NWA and I'm having trouble with finding a cheap property that I can actua...
John B.
analyze this 3 plex buy and hold deal
B/B+ 3-plex in A neighborhood, small, upscale town in upstate New York, very stable housing market, 9/10 school district, 3-4% appreciation over last decade, 10-13% appreciation over last year. Rental demand fluctuate...
Mahab Hoque
Refinance or HELOC for starting capital
I was lucky enough to buy multi family unit in NYC market around 2013 for about 550K 3.5% interest with FHA loan. I have been living in one of the unit and renting out other 2 units which covers the mortgage and I’m ...
Matthew S.
Is this a good deal? (Newbie needs some guidance.)
howdy BPr's,I'm considering making my first offer on a property and wanted to get some advice and feedback before pulling the trigger.Here are the stats:Asking price: 140k - haven't started the negotiation process yet...
Jeremy Karja
Do I need and can I get a construction loan?
I am putting in a PA for my first flip and using personal finacing and hard money to get it done. My question is with hard money being so expensive should I be looking for a bank for a construction loan for the 50k ...
Miranda M.
Three Broke Felons - What to do?
Hi all,
I recently closed on a house in Austin, TX for $1.2m but the appraisal came back at $1.9m. Why such a discount you ask? Because the place came with 5 unrelated tenants (room share) 3 of which are delinquent ...
Mary Rowe
New member- Olympia, wa
Hello! I’m excited to finally be on bigger pockets.com. I’ve been listening to the podcasts for awhile and finally decided to hop on here.We bought a house out here and it has appreciated very well- about 100k above w...
Michael Lleverino
SD IRAs
SD IRAs - I'm considering establishing a SD IRA (TX) to buy rental and flip properties, but first wanted to get some feedback from the BP family to better understand any challenges buying through this medium. Basical...