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I am looking for an article I read on BP years ago that didn't apply to me at the time but now it does. The article was about creating a packet of info to forward to the mortgage lender that contained all the info ne...
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Hello everyone!This past summer I bought my first rental property and it’s going to be my first time filing with a property and I just had a few questions to ask:1.) What are some things I should look out for as I hir...
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I thought this would be an interesting topic. Not from a "I'm thinking about being a spec builder" perspective (believe me, I'm not), but from a "how many markets out there have a median price below the cost of const...
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Well now that we have this new forum I figured I would ask this here!
I have been looking around at larger multi families the last few months. What requirements do lenders have for these properties? Will they conside...
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I wanted to see if anyone's property management software provides the option to run a Profit & Loss/Income Statement that shows the breakout from Potential Gross Income to Effective Gross Income, including vacancy...
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What is better commerical or multi famialy? Which one is more profitable? To me it would seem that commerical is more profitable because you dont have much expenses compared to a multi famialy aprtment complex. Is thi...
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I'm looking for recommendations for hard money lenders that operate in Ohio and will work with a credit score below 600. 25%+ downpayment will not be a problem, but I don't think I could make ~50% make sense. Fwiw, cr...
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As I understand it, ROI = (Cashflow per Month * 12) / (Total Equity)
I'm having trouble understanding why principal doesn't count towards monthly income in this equation. For example:
I buy a rental for $100,000 wi...
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Hello BP,My name is Matt Koczwara. I am a longtime resident of the Chicagoland area and a new member of the Bigger Pockets community. I have recently graduated from The Ohio State University and I am currently working...
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Has anyone heard of a law that says a Loan Officer must hold the Buyer's Information for 8 days before they can attempt to close it?
A friend of mine has been trying to close his home for months and is basically havi...