Jeremy G.
Hello bigger pockets! Seeking advice for 2nd & 3rd property acquisitions
Hello biggerpockets!I'm looking for some advice!History + current situation is as follows
so I've owned my 3 unit property for about 5 years now. I recieved a down payment grant of $5k and put 0% down out of pocket f...
Justin F Leberto
Refinance difficulties due to Fannie Mae guidlines
Hello BP, One of my properties is under a VA loan and has a lot of equity that I would like to access to pay down credit debt. I have tried with two different lenders ( Quicken Loans & Freedom Mortgage ) to cash o...
Mark Chin
Refinance part of BRRRR
Hi officially my first post :-). Anyone know how lenders determine the income allowed from an income producing property to determine d/i ratio ? What line on the tax returns is used, and the formula ? Also looking to...
Travis Billings
Pay off debt before investing?
Hello BP,
Looking for advice. I really want to make the jump into REI but wonder if I should pay off my personal debt before I do. Any advice would be appreciated.
Ben Beausir
Payoff Student Loans or Invest?
Interested in hearing other perspectives on this topic, specifically from investors who may have decided to start investing before debt payoff.My plan since covid has been to save as much as possible to go towards a l...
Horacio Gutierrez
Cash out refinance on rental property
Hello,
My dad friend has two rental properties free and clear. If he wants to do cash out refinance, his income is social security and rental income for those properties can he still get 75% loan for each property wi...
David Levesque
Growing Wealth, but accumulating more debt?????
One thing Brandon preaches a lot is growing your portfolio. Buying 1 small multifamily opens the door to buying another and then another, until eventually your portfolio reaches over $1M. Ideally, you should be making...
Sandy Uhlmann
Thinking of Purchasing some notes in Kansas. Do I need a license
I was considering purchasing a NP note in Kansas. Do you need a license to buy or sell residential mortgage notes in Kansas? I plan to have a servicer if that makes any difference.
Lisa Jones
How did you rebound from a terrible financial decision?
Credit card debt ($10000), student loans ($15000) and upside down (owe $12000 cat is worth $8000) on a car loan. Clearly I am not winning in the game of financial freedom. How did you rebound from poor financial decis...
Alex Pirila
To cash-out or Not To Cash-out?
Hi all,Here is the long and skinny… in 2019 my wife and I purchased a AZ home using a VA loan. After 9 months of sweat equity and renovation, I was offered a great job out of state we did not want to turn down. Fast f...