Bob Flynn
Nonperforming Second Note Purchase with BK
I've made an indicative bid on a second mortgage that is nonperforming. The first appears to be performing. The combined loan to value is probably about 80% so there is equity here. I've reviewed the borrower's cred...
Aaron Ingram
Debt to Income Calculation Question
BP friends, Forgive my ignorance on bank financing and how financial institutions calculate debt to income but I am seeking a few answers. I am in the process of getting Pre-Approval for the Fannie Mae Homestyle Renov...
Riteash Tiwari
BRRRR
HiI am newbie and listening to Brandon Turner's book where he mentioned Buying, Rehab, Rent, Refinance and Repeat ( BRRRR) Strategy. I am not following one aspects of it, any help would be highly appreciated, as I fee...
Sandy S Harris
Vacancy & Cap Rates
Quick question BP'ers,
I'm spending lots of time analyzing properties these days, but I'm wondering where do I go to get the cap rate and vacancy rate on any given area? It isn't always given in a listing, along with...
Brennan Lytle
Holding Costs
Hello! I was wondering if there is a rule of thumb for a percentage of ARV that goes into fixed costs. Thanks
Nathan Orr
Starting REI debt free
Hello all! Brand new to BP and looking at getting started with REI. It’s been an interest of mine for some time but never pulled the trigger on anything. I’ve been digging into all this a lot more recently. Probably b...
David Ten
High DTI Home Equity Access
Hello Hello,I need to access My Equity But my DTI is High, this some information :- My Equity is about 240K- My Mortgage Payment = $ 1750/Month ( include everything ( PITI ))- My W2 = $4700/month- My Credit Score 690 ...
Eric Slater
Invest in Property vs. Payoff College Loans
I want to invest in my first property, but I have a significant amount of college loans outstanding. Does anyone have any advice or suggestions related to how I should determine when I should focus on paying down my d...
Account Closed
Forgiving the taxes due from debt reduction (short sales)
Bush's speech included a suggestion (?) that people who receive debt reduction in some cases will not owe tax on the debt forgiven.
Note that the IRS already allows this. It could mean that Bush is just restating wha...
Austin Walker
Debt to Income ratio
Is debt to income ratio important when doing the Brrrr method? Once you get a renter is that enough for the bank to refinance or is debt to income also considered?I currently have my own home in my name and a HELOC, ...