Logan McNay
I could put 80% down, will the bank give me a loan?
Hey everyone, first time poster from Wichita KS. I'm 22, looking at buying a first house. I don't have any prospective homes in mind yet, I'm curious to know what you think I'd qualify for.
The Question:If I went to ...
Steven Bonfante
What are my financing options?: No employment and no liquid cash
Hi All,I am a newbie still trying to figure out how to get financially ready for my future first deal. I want to get everything prepared so can present a valid Proof of Funding once I start making offers.My dilemm...
Will Foster
Build an addition or keep money?
Hello BPers. Mu question today is, should I build a much needed master bedroom to the home I recently bought, or keep my money for future real estae purcheses?Here is the scenario: I bought my first home in Colorado, ...
Rami W.
Unemployment and purchasing next investment
So, today was a rough day. I was let go after 8 years. Unexpected, but it's ok, as it was time to move on anyway. HOWEVER, I was on the verge of buying my 2nd investment property. I still have a solid down payment 20-...
Daniel Montes
Otaining financing,
Newbie from Brooklyn,NY i want to purchase multifamily home for REI me an my wife have good credit an can come up with a good down payment we are good savers been wanting to get in to REI but too much analises paralys...
Bob Foglia
Refi out of area rental... 800+ credit but bad DTI
I own a home that used to be my primary residence, but when I moved I rented it out. I have years of payment history and long term renters... But my income isn't great especially in light of some medical bills I'm wor...
Adam Nelson
Using your 401k to buy a first home
Hey BP first post here. I've been looking to buy my first home/investment for some time now. I've been researching into using my 401k to invest in my first house. I would use the money as a down payment on FHA loan, i...
Brian Day
ESOP Payout - What to Do?
In December of '21, I rolled over $41k of my 401k into my previous employer's ESOP (had $5k balance at the time). Fast forward to now, and the company has grown exponentially, and was also purchased in June of this ye...
Curtis Denlinger
Qualifying and Screening C and D Class Tenants
I have a new property in a maybe at best C class neighborhood. I’m having trouble qualifying tenants. I have a lot who work jobs as servers or bartenders and make cash tips. Or I just had someone tell me today their m...
Adrian Brown
Rental properties, LLCs, & S-Corps
I have rental properties in KS & TX and I use property management companies to run them, but I'm "active" since I materially participate and often make decisions regarding tenants, repairs, HOA notices, and major ...