Grayson Gist
Why is DTI so hard to overcome?
Hey,Long story short is that I’m trying to buy a second Fourplex and lender’s are quick to say no. I currently own one SFR in Oklahoma, and one Fourplex in Kansas City that I owner occupy. My wife and I are trying to ...
Scott K.
Forced appreciation examples
I'm curious to better understand some of the nuances around forced appreciation while rehabbing. Some questions include:- When is it appropriate to add an additional bedroom?- When is it appropriate to add an addition...
Cade Mayer
More money down or lower monthly payment??
I am currently looking at a purchasing a 4 unit Multi-Family to rent out. It has 15 bedrooms and 8 bathrooms and has a rental history of $5600-$5800 a month for all four units. Say I purchase the property for $500,000...
Brian W.
Is my short-term plan good, bad, or crazy?
I am looking for my first deal on a single-family home to rent out and personally manage. I am planning on putting 30% down on a home around $100,000 - $110,000 with a 10-year mortgage that I can rent out for about $...
Jean H.
Need help structuring the finance on this BRRRR duplex
I have a contract on a house in Hollywood, FL for $348,000. It's currently a single family house with an unpermitted studio in the back that is rented for $700/mo. I checked with the city and it is zoned multifamily...
Philip Nowak
The Accidental Investor from Chicago
Hi BiggerPockets Community, I'm Phil and I own 3 units (two condos and a single family home) in the Chicago area. I have a fair amount of experience in the real estate industry (see longer bio in my profile), but cons...
Greg Gaskill
LTV High or Low best in refinance?
Recently I've wondered why I felt low LTV was better as an investor for long term survival. You don't want to be upside down or over leveraged if/when the markets change. But, that would seem to only apply if / or whe...
Nikolas Engel
Option negotiation: Tenant wants rent reduction
Hello all,I am in negotiation with a small business tenant (beauty sector) of a commercial retail property we bought last year. The property has several suites, tenant leases 1,200sf, initial lease term comes to an en...
Michael Sykora
Familiar with Indy, 46201? Thoughts on this deal?
Hello BiggerPockets Members!I've purchased my first out of state property in Indy about 2 weeks ago (mid-Jan), and am looking for the 2nd. Details on the deal:Address: Emerson Heights, Indianapolis, IN (I'd prefer ...
Ashley Payton
Finding Hard Money Lenders
Is there a way to find hard money lenders that are not family for free? I've been looking around and found 2 websites that allow you to, but you have to fill out an aplication with them. I did that, but I really wa...