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I am curious as to how I can qualify to borrow money to purchase a multi-family property. I have over $100k in student loan debt. I have no credit card debt and no other debt except my student loans. I make roughly $...
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I'm very new to BP, and beginning to learn all I can about real estate investing. I'm very anxious to start working on finding my first deal, but I have a few questions about my debt I'm hoping someone can answer for ...
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Please assist. I'd like to review my financials prior to setting up an appointment to obtain a pre-approval letter.At this time my credit is 680 with and I have about $20k to invest.Question: Upon calculating my DTI I...
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My wife and I are set to close on our first purchase in 2 weeks. We would also like to set a contract to build a home with a personal mortgage as well. Does the LLC loan count against our ability to qualify for a pers...
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Hello!
I am trying to get a second property via house hacking and have some questions for anyone who’s willing to answer. I am a resident physician in dermatology, during medical school I bought a property in Denver...
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I’ve heard that people lose everything when they’re overleveraged. When would you say people lose their shirt in RE investing, when debt to equity ratios are to high or when their debt to cash reserve ratios are too h...
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Hello,I had a discussion a few weeks back with some friends about finances and such. They are both married and are home owners. I on the other hand am single and still renting. We are all physicians in our mid 30s ...
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Hey guys!
I couldn't find a forum that answered my question so I thought I'd start a new one.
This is kind of a long term question:
My plan is to buy a multi family home via an FHA loan. I live in New York City so ...
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Should I pay less $$$ towards paying off my student loans and put more into getting a deal ASAP? OR should I focus on eliminating as much debt as possible, leaving me with less opportunity for cash for investing?? I j...
I am currently screening tenants for an upcoming vacancy. I found a tenant that initially sounded great, but some details on their credit report worry me. While their credit score came back as excellent (~720), they...