Negar P.
Does the income 3 times rent requirement apply in all markets?
Hi all, My rental property is located in Orange County, CA. It is a 2 bed 2.5 bath that would go for $3100 per month in this market. This is the first time I am trying to rent it out though and I am finding it hard to...
Eric Bette
Loan points: applied to total purchase price or just loan amount?
Hi Everyone-I'm working on securing financing for a deal set to close on 2/1. It's an $80K deal, and I'm moving forward with conventional financing with 20%, for a total loan amount of $64K. I've decided to buy down t...
Or Basan
what would be the filters you would apply under TAX LIENS
hey guys,im trying to create a tax liens list.what would be the filters you would put on this list? or what would be the recording date you will use? thank you in advance!
Joseph Robele
Does "Buy less house than you can afford" apply to investments?
I am planning on buying a duplex in downtown Indianapolis to be a live-in landlord and have been looking at properties ranging from $150k-300k. I know that the benefits of buying a cheaper duplex is generally an incr...
Joselito Tavares
Applying for loan in June, should I seek an agent now?
Hi everyone,I'm a first time homebuyer, highly interested in starting my real estate investing in Newark, NJ. I want to purchase and house hack a two-family home in the area. I'm currently saving up my down payment to...
Shanz Lockett
What Kind of NYS Real Estate License Do I Apply For?
I am an Attorney in NY State and I am interested in starting a company to flip houses. I see that there are several different options for the type of license that I can apply for; individual, limited liability compan...
Josip Galic
when can you add rental income when applying for a mortgage
When applying for a loan, when can you add your rental property income into the equation? I have heard that you have to wait a full year before a lender will accept it. Can anybody confirm or deny? Also, if it is a fu...
Lokesh W.
Lease Option: Any Limit for money applied towards Mortgage/ Down Payment???
I am trying to do cooperative lease option on a property. The owner is asking for sale price that is at least $20K above the market price. I can make it up by applying 50% of the rent money towards the sale price (dow...
Brandon Turner
THIS is how you apply for a loan (Brandon's 1st GIF!)
I'm always harping on folks to take their loan application process more seriously and present something professional to the banker, as it will increase your chance of your loan being approved exponentially. Just to le...
Jack Synesael
Applying for a Home Equity Loan on a rental - PLEASE HELP!!
Hello BP!I currently have 3 properties in the Raleigh/Durham area - 1 primary, 2 rentals. I am looking to pull some equity out of the rentals to fund another investment. From the research that I have done, most lender...