When applying for a mortgage I know lenders typically require 2+ years of employment in the same industry. Does this mean 24 actual months or just 2 years of it showing on your tax returns?I’m on my fifth year as an e...
Hi everyone, I am closing on this property next week, I noted the inspection report stated that it needs grading, please see screenshot below. Has anyone done grading and if so, does this look like a difficult job? I ...
Hey everyone, my name is Jayden Walsh. I'm a freshman studying business at the University of Minnesota (Carlson School of Management), and I'm asking for your help getting my feet underneath me with real estate invest...
Hey BP! Hope everyone had a great MLK day. Re: job growth in a particular city, what numbers do you look for that would encourage you to invest in that city? For example, if a major corporation is opening a factory wi...
I just want to give a shout out for my man officially closing on his first investment deal (a partnership) today! His second house that he took a hard money loan for closes tomorrow! Al went from swinging a hammer (I ...
I think I ran across this site a year or 2 ago, but never signed up apparently...I have been active on some other sites, but post volume has been down in some places, so here I am.
Looks like lots of the questions I ...
I’m relatively new to the owning income property. I bought my first in NOV of 2010, a foreclosed SFH, I bought it for 54K put 3K into it and now rent it for $850 per month. This month I closed on my second rental, a...
I am considering buying a triplex in a town about 2 hours from where I live. The structure is over 100 years old and is going to need extensive rehab. Looking for advice on how to manage the job from a distance, how t...
I'm hoping people that have left there job might find this. I, like many people here, have dreams of RE cash flow providing income to give me options of early retirement or continue working.What point did you leave yo...
Hello, has any used a debt service coverage ratio loan? Makes sense to me to get the loan based on the value of the deal. Plus, since I don't currently have a full time job, getting qualified for a loan isn't going to...