Jean G.
Cash out refinance (more that 4 financed properties) and portfolio lenders
Hello,I am trying to find a solution to do a cash out refinance on a property in Nevada purchased 2 years ago, recently appraised for $192k and that does not currently have any mortgage on it.Because I own more than 4...
Shari Peterson
Are you losing short sales because lenders are choosing foreclosures over short sales?
I read this post on Short Sale Daily News (http://shortsaledailynews.com/banks-make-more-money-on-foreclosures-than-short-sales/) that banks are choosing foreclosures because they make more money by making a claim on ...
AJ Wong
Mortgage Rate Collapse: Suddenly the game has changed
Mortgage rates declined to their lowest levels in over a year, a sample of more than a dozen industry professionals said they were quoting most borrowers in the high 5% to low 6% range on government loans and in the m...
Michael Hoover
My first 18 loans on 5-year balloon. Is this bad and how should I pivot?
I have been working full-time RE, BRRRR method on single-family homes in my local area for the past 4 years. 22 homes completed- (2 sold) 20 long term rented. My interest for this Post is my lending method thus fa...
John E Ceisel
How To Prove Tenant Smoked
Hello BP! I own/manage real estate in San Diego, California. I have a condo where my lease agreement clearly states no smoking. I went into the unit twice in the past couple weeks for showings and both times it had...
John Kim
Bought my first multifamily in Jersey City. What do I do now?
I was fortunate enough to purchase a multifamily using a FHA loan. It was a short sale in 2015. Purchase Price: $600kMortgage balance: $540k @ 3%Net income: $1600/monthThanks to nice growth in this neighborhood, which...
Reid Beckers
High DTI - Student Loan Debt and What to do?
Hi All,Have a question for the forum and looking for some suggestions or insight on our issue. We are eager to start the REI journey and especially looking at using the BRRRR method for our first deal.I have a W2 job,...
Jesse Flores
No income but plenty of assets and can't qualify for a 198K loan
Hi BiggerPockets,
I am looking to buy a duplex for $198K plus minimal closing costs. Income is $750 per unit or $1,500 per month. I wanted to get a loan with 25 % down payment. I have already put in a bid for the ...
Bryan Hancock
Quick Model Template - Small Apartment Complexes
I used Josh's new file vault this evening to upload a beginner model for evaluating small apartment complexes. I would appreciate feedback if people want to take a look:
Pro Forma Template - Small Apartments
Hopefu...
Anna Runkle
Cold Feet: Buy Rental Property in Rural Area?
Hi, we'd like your experienced opinion! My husband and I are interested in buying rental properties to augment our retirement income (10 years from retirement). We're new to this, but have been reading and visiting op...