Robert Hubbard
First deal analysis, after home inspection. Should I walk away?
Hey all,
Got an offer accepted on first deal and after having the inspection I'm second guessing the purchase so I will break it down.
2 unit 4bd/2bth upper and lower
PP-130 with 25% down
Originally seller ...
Logan Graham
New landlord laws for Upstate New York
On the 14th of June 2019 New York state passed a lot of new laws for Landlords to follow. I work in residential and this is what I have learned so far from all these changes.
1. Eviction Process: There is now a 14 ...
Phyllis Kelly
Regarding Mortgage Loan Credibility
TIA for all the advice and opinions, this forum is always so helpful.I am wondering about acquiring additional loans going forward. I purchased my first rental property (duplex) in October of 2021. It was a house hack...
Milton Clay
Building credit via car note?
should I pay off a car note to build credit or use secured loans to build credit quickly? Not a fan of car note because it will slow down my down payment savines but if it will build credit that I will need later I gu...
Travis Mathews
What is a "good" credit score?
Hey everyone, new to the community. I'm young, but got a bit of a late start to the credit game. I just got my first credit card almost a year ago and my first auto loan about 5 months ago. I've been doing well at pay...
Jon Razon
FICO impact...which to do first? HELP!
I want a to bolster my FICO score and I have two big accounts that are both current. I want to get rid of one by paying them off:
1. School Loan (US DEPT of EDUC) - $50K - paying $500 a month (basically onl 1/3 of th...
Kevin Hart
Exit stratagies for a flip
Hey BP'ers
I'm in the process of finding my first property to rehab, but still figuring out my financing options.
My questions is about exit strategies. I've been searching the forums but couldn't find what I was loo...
Ryan Randall
Lenders - Settle the score on DTI calculations!!!
So, I've seen posts run the gamut here on Biggerpockets when it comes to how Fannie/Freddie calculate your DTI including your rental properties.
Let's say, for arguments sake, I have 1 rental property which grosses...
Leonel Almagro
Parent’s can’t get prequalified for a loan but got 70k in savings
Hi everyone,My parents did not have financial knowledge so they never built up their credit. They want to invest their money and get a duplex or house hack. I currently own a house that is rented out and I just closed...
Daniel Soovajian
A few financing questions
Hello!I'm looking to get pre-approved for a conventional mortgage and wanted to start by comparing lenders based on the interest rates, points, fees, etc. they're offering. A few questions came to mind as I started to...