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Can anyone explain the pros and cons to using my first rental property as leverage to purchase another rental property,
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Greetings, This is my first post on bigger pockets, after being a listener since August, I now need guidance from this community more than ever. I will try to be as clear and concise as possible in explaining my situ...
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Good Morning all,Location: Maine, 45 min west of Portland. (Small rural town) Little about me. Engineer (full time), Landscaper (part time), Realtor (Part time). Looking for my first rental property. Have a client wh...
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I have income from a W2, 1099s/Schedule C, and rental income on my house hack. Something about this seems to make calculating my DTI wacky; I know lenders aren’t just adding up my gross income from all these sources a...
My situation here is: I have a underwater townhome appraised at $200,000 or less. But I have a mortgage at $280000 to this property. I was unable to refinance the property by the current low rate. the 1st mortgage i...
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I joined BP a couple of months ago, mostly to get around to asking this question. How to approach this problem has been rattling around in my mind for about 3 months now.
I've been a small time landlord for about 28 ...
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Recently, spoke with mortgage broke to attempt to qualify for my first MFR to 'househack'/rent.
I provided him my general background:
Have 140k student loan debt
37 k annual salary
Credit score of 700+
He said that...
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Hi: I found this forum using Google and have been reading for the past few weeks. Now I would like to ask a question and am hoping I can learn from your experiences.
I would like to invest in and rent out a 1 bedro...
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Hi all, I'm looking at buying a 3/2 buy & hold home in Houston.Are my criteria below realistic? If so, which areas would you recommend?Criteria- Under $225k- Within the 610 loop (or any other area with up and comi...
Hi everyoneI'm a 33 year old registered nurse. I'm married with a 2 year old. I worked for a real estate agent for 2 years when I was younger, I basically would help her value houses as she was doing 75 contracts a ye...