Hey all,Just closed on my 5th unit in my first year! Stoked about it! It was a great deal; it's worth 100k as is, 140k ARV and I got it for only 30k, so I just paid cash. Now I'm getting a heloc (because Bank of Hawai...
I am currently working on my first deal. It is an owner occupied with two units for rent. When calculating returns on investment do you only count cash in hand or do you also count equity being built in the property? ...
BP-
I️ am opening another HELOC on a property this week and was wondering if the loan brokers out there can help me understand exactly how this is effectively counted “against” me in acquiring a new loan for the next ...
Hello,I have a question...If someone has a primary residence and a recently purchased investment property (within the last 30 days) does the investment property count as debt because there is a mortgage on it or does ...
I was approved for a VA loan for 150k for a single family home but found a few quads in my area for 320-330k. Can I get approved for a higher loan amount if I'm purchasing a multi-family home? Does a bank factor in re...
I am paying my student loan off in full before the federal repayment/interest starts back up in February (current balance is around $13k). At the same time, I want to apply for a mortgage loan for my first property. H...
Hi! I'm wondering if credit card payments I make monthly to credit cards in my parents name (read I am not an authorized user, so these don't show up on my credit reports) would count towards my DTI formula when I ap...
How are other BP users finding the number of units on a given apartment building when doing due diligence? Are there any preferred references that are used for this and other pertinent property information? Thanks in ...
Can anybody recommend a great mortgage broker or bank loan officer for a mobile home park in Iowa. Thinking that a small community bank that focuses on real estate would be great (we have a few in the Seattle area).M...
Hey everyone!
I am wanting to take out a HELOC on my primary in order to invest but i had two questions unanswered. My home is 4 bedrooms but there is another room that is basically a bedroom without a closet. Would i...