Alex Silang
Getting a mortgage with 30k W2 income
This is my financial situation:30k incomeRental property (I own):4k monthly rent1.5k/mo PITIWant to buy:350k-400k property4k monthly rentI've used online calculators (for what they're worth) and they say I qualify. Al...
Tae C.
Does HML count against your personal DTI?
Hello all,Not sure if this should go into Personal Finance or not. Anyway, question is as stated - does your hard money loan count negatively towards your DTI ratio? I am wondering specifically in the context of if y...
Gregg Reinbold
Charging yourself rent??
Do I charge myself rent for storage? I am storing equipment in a 40 X 110 foot building on my mixed use commercial property. The building would rent for around $1,500/ month. Do I need to write myself a rent check...
Dawn Anastasi
Property Taxes
When someone owes multiple years of property taxes, and goes through a bankruptcy, how is that debt handled? When I view the tax records of a property, it will show "bankruptcy" as a note but then show all the years ...
Cliff Rosa
Whats the probablity of mulitple loans
Trying to get my feet wet. Credit score of 750, no debt. Whats the probability of getting 3-5 loans for 3-5 apartments within a years time? What im trying to do is have roughly 3-5 apartments with loans on all of them...
Richard S.
Getting started with out of state buy-and-hold properties
Hi everyone,I am an investor here in Chicago, currently in nine properties. Two are buy-and-hold and seven are short-term debt. The competition is pretty fierce for cash flowing properties so I've chosen this strategy...
Matt Hooper
50% rule varies greatly based on down payment?
Hi Everyone. Great info on here and thank you all for your contributions. I'm a newbie and greatly appreciate all the feedback.In evaluating the 50% rule it appears to me that the math seems to change greatly based ...
Chris Orme
BRRR calculator help
New to this, and feel like I'm getting grasp of the BRRRR strategy.
However, in using the BRRRR calculator here, I am confused about something. When figuring holding costs, I feel like it doesn't take into account t...
Julian Hicks
Difference between DSCR and Cap Rate
Could anyone explain the differences between the DSCR and Cap Rate, if any.
Leah Stuever
Rental unit loans (for multi family)
So I am looking at different loan types to see what options might be best. After some forum searching I have seen people talk about "Debt coverage ratio loan" or "business purpose rental loan." Loans that use the rent...