Frank Tovar
I want to buy a new home and rent the one I live in.
I would like to move up as they say and purchase a home in a better part of San Antonio,TX. My current home cost us 140k and current pay off is 133k. It is still valued at 140k. We have only lived here for 3 years....
Sam R.
Verification of income and expenses
What kind of paperwork does your lender request in order to verify the income and expenses of a commercial residential property? Leases? Utility bills? Tax returns of the seller?
Roselin G.
Help me analyze this deal
Hey BP!Check out this deal I've been looking at. Short term, it looks like a good deal but long term, not so much. What are your thoughts on this? As I'm fairly new to this, please let me know if you see something I'v...
Mark Forest
Is sewer fix a repair
Is the $3600 I just spent to fix a broken sewer pipe a repair to expense all this year or a capital outlay to be depreciated? This cost includes snaking, excavating pipe, and repairs to pipe. I would think it's an ex...
Vatrell Fountain
How to find capital for first investment property
BP family my name is Vatrell Fountain new investor in Harrisonburg Virginia and looking to find capital for my first investment property. I have talked to lenders and I am trying to get my first property by house hack...
Khaled Seirafi
CA Comm Tenant - Share of Fire & Earthquake Insurance
Hi all,I'm helping my parents to draw up a new lease for an existing commercial tenant of ours as his lease ends at the end of the month. The unit is in a mixed residential and commercial building in California. Would...
Michael Dunn
a $20,000 HELOC and how a Lender will interpret ??
If you have a HELOC of $20,000 When a Lender goes to look at my DTI ....... How will they look at this, as far as it being a Debt/Expense to me and them factoring it into the DTI for me getting approved for the loan ?...
Johnny Constantino
How much money should I have after down payment?
Hello all,
I am looking to purchase a multi-family apartment building, and I am wondering how much cash I should have put aside for closing costs, and any other issues that may pop up. I want to ensure I will have en...
Donald Cooley
In need of help in Michigan
Hello everyoneI'm in need of some help locating a insurance company that insures rental properties. I am in southeast Michigan and will be closing Monday the 4th on my first property. I was just informed my regular in...
Noel Pingatore
Calculating NOI question:
Hello - I'm having trouble understanding why we don't include the mortgage payment in the monthly expenses when we calculate the NOI. This is the formula as I understand it. NOI = annual rental income - annual expens...