Jennifer H.
Should you rent to a tenant who filed Chapter 13 Bankruptcy one year ago?
What are your thoughts to renting to a tenant who went under Chapter 13 bankruptcy? Tenant that applied has a very low credit score of 545 and is under Chapter 13 bankruptcy. Credit check reported bankruptcy on ...
Austin Neal
Caution New Investors
I see a lot of rookies asking how to start investing with only a little cash and/or a lot of debt. This is a word of caution for those people:I read a lot of advice resolving your cash shortage by urging you to pursue...
Andrew Freed
Question for Investors Doing Big Deals
I have a 32 unit under contract and am aiming to JV it. We already have the investors lined up, however our investors amount to about 8 or 9. We did give them an advisory type role in the project so they will be activ...
Walter Correia
Debt to banks come ratio
I'm currently looking to purchase a second home. It's a good deal and my wife and I are looking at a debt to income ratio of 44%. My question is, will we be able to get another home loan if our debt to income ration i...
Earl Borillo
Real Estate Principles Applicable Worldwide
I've been on BP for a couple of months now digesting a ton of information and am very thankful for it. Right now I'm working on constructing a short-term rental with a coffee shop. I was just wondering if most of the ...
Ryan McDonald
STR Deal Calculator w/ Multiple Debts
Does anyone have or know of a great airbnb/STR/MTR acquisition and operating calculator that incorporates at least 3 debt instruments with different terms, interest rates, maturities? Example: Mortgage or DSCR Loan, ...
Samantha Klein
Community Property State problems
Just thought I would share that I met with my lender in Wisconsin which is a community property state, and she told me that my husbands debts will count against me when figuring debt to income. I had always thought if...
Brian Falcon
Backing into numbers of exist. property w/ Rental Unit Calculator
All, I have not used the Rental Unit Calculator yet because I don't want to waste one of my 5 free tries. I wanted to start by running numbers on my current (and only) rental which was my last single family home. We ...
Dorian Weber
HELOC came back less than expected - now what?
Numbers
House appraised for $350k
Owe $150k
HELOC based off of credit (740), appraisal of house (350K), No credit card debt only a car payment ($350 a month) and house payment ($1600 a month)
$33k
I changed indus...
Michelle Herbst
Primary residence with ADU: Any loans that count ADU Income?
I'm looking to purchase a primary residence with an existing ADU in Contra Costa county. Are there any loan programs that will allow me to count the ADU rent as income to help me qualify for the home loan? Or are th...