I am hearing that others are getting 100% financing on new purchases, sometimes based on appraisal, not purchase price. Locally, I've called every bank in a 50 mile radius, and everyone has the same answer... 60-80% ...
I am having problems qualifying for mortgages and HELOCS. Everyone says my DTI is too high. I currently carry about 11k in mortgages and they are all covered with rents plus cash flow of about15%(this includes my prim...
I posted this WSJ article in the bulletins but thought I would share in the forum section as well.
http://online.wsj.com/article/SB10001424052748703471904576003832552956602.html?mod=igoogle_wsj_gadgv1&
I just re...
I am sorry that Brew Johnson and Brett Crosby's concept for peer to peer lending, venture capital firm Andreessen Horowitz, and all investors who provided their hard earned cash now have to wait for pennies on the...
Hey all,Recently, I replied to a post asking folks whether they track their net worth. Personally, I do track my net worth. However, far more important to me are my financial projection models (which include projectio...
I was having a conversation with a partner on some of his SFR properties in regard to depreciation strategy. He owns three SFR with a monthly cash flow of ~$2600. Two of the properties are paid off and one has a mortg...
I've used a variety of deal analysis calculators and many of them include CapEx estimates/reserves in the 'Expenses' category, like this:Income - Expenses (including CapEx estimates) = NOIBut shouldn't CapEx estimates...
I hear the words “Cap Rate “ a lot. What is a cap rate and why re they important? Is it something added onto a loan interest rate or maybe equity in a property? What is a good cap rate?
I am considering buying my first rental property and wanted some feedback from people that have done it before. Feel free to tell me it’s a bad idea, give advice, encourage, or tell me your process. Everything helps. ...
Hello BP members! We are preparing to leave our W2 jobs in a few months to move into full time real estate investing. We have a good amount of equity in our primary residence as well as one of our rentals and we would...