Hi Guys,How do underwriters calculate a HELOC on the DTI calculation during a 10-yr draw period?1) Do they include the actual Interest-Only payment reported on the Credit Report?2) Or do they term out/fully amortize t...

Hi all,So, my situation is as follows. I currently own 1 condo, and recently purchased a duplex. Both properties are in Cleveland, Ohio. My condo is paid off in-full. It currently appraises for $63,000. I put 25% down...

I have a triplex under contract and have received the following finance option from my local bank. I have a longtime relationship with them and my credit is excellent. I’m going to pay cash initially because the tripl...

Hello everyone, I've been offered a  300k short term loan (5 year) at a low interest rate and I'm mulling whether to take it and also what to do with it. I can support the monthly payments with my salaried job but I'm...

I'm looking to understand hard-money loans better and I'm hoping to get some help from the BP community.
Are most hard-money loans interest only?
For an interest-only loan, to calculate the cost, does the following ...

I have a private money loan on one of my rentals that I would like to start making double payments on.  The loan is structured with no early payment penalty and the application of payments as follows:All payments shal...

Hi Bigger Pockets Family ….

So I wanted to share a deal I’m currently working on and hear everyone’s thoughts ,but before I do I’ll tell you how I found the deal.
Step.1
I located a market I wanted to invest ...

Ok so here are the numbers. The home has an arv of 55-65k. It is a SFR rental property with a long time tenant in there of about 5 years. The seller is willing to supply seller financing for 5 years, 3% interest, purc...

Would like to know how many of you buy down your interest rate when financing an investment? Month to month it makes cash flow "look" larger if interest is lower. But have to pay at closing ... esp with a refi, dont h...

I am knew to investing and have some pretty basic questions about paying back private money. Here are two scenarios...I would love it if someone could walk me through how much my monthly payment would be and how I wou...