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hi there, im looking to get feedback on offering a percentage of equity upon buying a 2-4 unit property in my name in here in LA. i will owner occupy and eventually cash who ever the investor is out or upon refi or sa...
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This is my first post to Bigger Pockets, however, been following for a while. My market is Albany, NY.You can make pretty staggering net profits in this area. My biggest question now is wait another couple years and b...
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I’m looking to get a HELOC on my second home which I’ve only used for a few rentals, it’s basically our vacation home.
It’s in a trust there’s no mortgage value $650-$700 wanted to take out $150,000 for renovation a...
If my debt to income ratio is currently too high to be approved for a conventional mortgage loan, can I start an LLC and get approved for a mortgage loan through the llc? All provided I’m putting down 20-40% down of c...
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I am a little confused about calculating return on investment. Is debt paydown counted towards return on investment? For example, lets say I buy a house for $10,000 down and make $1,000 after expenses and mortgage pay...
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Hey Guys,
I just had a brief discussion with my Loan Officer about wanting to go from Full-Time at my current job to Part-time. They said that if I did that they would need proof of income for 2 years in order to fu...
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Hi,I’m looking in to Sale Leasebacks for credit tenants and I wondering how the lending institution handles the Seller-tenants owner occupied loan for the building & business? Is the equity dispersed to the owner ...
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Hello BP's!
Backstory: I have deals under my belt with small single-family properties financed via traditional loans with 30% down on each transaction here in SoCal, and all have done very well for me.
Today I am ...
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Hi all! We have a paid out rental that generates a net $1400+/mo that’s worth about $235k. We want to purchase a $140k fixer we’ve identified by using a Cash-Out Refinance of $170k (30 for rehab). ARV is like $215-22...
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So I know there are many Dave Ramsey fans in here, and I am currently using the debt snowball to attack my debt and since august I have been able to take out 17/33k debt. After my next credit card of 5.5k, I will have...