Robert Steele
Gross income 3x rent too simplistic
I see this metric of gross income should be 3x or 4x rent and cannot see how this can possibly be useful other than a preliminary "should I even bother looking at this app".
I think a more useful metric would...
Ana Marie B.
New Member from San Francisco - Need Advice on our Next Investment Opportunity
Greetings, BP! My husband and I have been lurking on this site for the past month and finally decided to create an account on this special day -- we officially closed on our 1st investment property today! A little abo...
Rusty Scott
Max LTV Heloc
On a PRIMARY residence....what is the highest ltv heloc available in the market? Is anyone finding 95%LTV? I've seen several 90 from credit unions, but nothing concrete about 95. Back in the prior crash days, it was e...
Norris Frazier
Closing on 1st Investment property on the 31st
Bought it @ 15% discount but the foundation, plumbing, and Roof need help: after repair ARV is 15K profit. Plan to Buy-N-Hold, & let it appreciate.But as a new investor even with Great Credit Hard $ Interest 13.49...
Eli M.
Appraisal is too low
Dear BP family,My appraisal came in lower than I expected.What is the best course of action now?For the future, can I ask the appraiser to send me the draft before he submits it to the bank?In case the new appraisal i...
Ray Li
Using SDIRA for flipping, looking for mentor
Hi follow Dallas investors, my name is Ray, I'm an out-of-state investor from California, and I'm considering using my IRA funds to flip and sell houses in the Dallas area. I'm looking for an investor who has done the...
Steven Ellis
San Diego fixer upper
Hi all I was considering buying a home in Encinitas with the idea of living in it, fixing it up a bit and at some point renting it out and moving on to another property. Anyone have any experience with rentals in this...
Paul Winka
How to avoid wasting time showing the house to buyers?
If I have a property under contract and I am marketing it (craigslist, REIAs, etc), what's the best way to handle all the requests to see the property on the inside? After all, it's not my house yet, and my seller wil...
Tony Severino
3rd Wave Of Foreclosures is Coming..... Get Your Money Lined Up
So far we have seen two waves of foreclosures... the speculators and the sub prime debacle.
The tide is rising now on the 3rd wave.... those who had great credit, but now have issues because of job losses etc.
To R...
Mike Holland
Tenant forfeited security deposit with repairs needing to be made to the property.
I am selling a single family home in Bellevue, NE in which the tenants refused to allow showings, shorter notice showings, and lock boxes for the last 30 days of their lease. In the lease they're are stipulations ...