Account Closed
Are mortgages 5-10 substantialy harder than 1-4?
I have two properties now and I am planning to ramp up to about eight over the next three years. I was planning to have about 70% equity, 30% loan on each. I've recently read that after your fourth mortgage it is much...
Damean Townsend
Please Help Me With My First Subject To Deal
Purchasing a fully rented duplex. Just got off the phone with a verbal agreement. What paperwork is absolutely necessary?
Bobby Balow
Why Our Taxes are So High After Investing in 3 Homes?
Good morning everyone! I want to start by saying thank you to this amazing community! I really hope we can get some advice on our tax situation.In 2020, we only had 1 rental at the time, but an investor in the area wa...
Abigail Glover
Too Much Credit
[b]
Hello,
I am new to the Realestate Investment world and need advice. I currently have two mortagages on my credit report. One for a house, which is currently rented and the other for the home I currently resi...
Gerald K.
Cash-Out Refinance 5th to 10th Property
Hello BP friends in Western WA (Everett, Seattle, Tacoma, etc.). We're Investigating the possibility of a cash out refi to put funds toward more real estate investments, however, if I understand Fannie Mae rules co...
Sean Casey
Does buying a rental property affecting your own home loan?
Ok where we live right now, we are renters. We don't own our own home yet. I was wondering if I was to buy a home to rent out to tenants, would that effect my chances of getting a home loan when we are ready to own ou...
David Levin
Lender backed out after agreeing to terms.
Hey everyone-
I signed a term sheet and app with a private lender. Then they ran my credit, which is in the high 700s. We are rolling! But the next morning the broker shoots me an email. It reads
"I am really sorr...
Greg M.
Owner financing: Who receives credit for principal/interest?
I am trying to purchase a property with owner financing. Hypothetically the seller owes $85,000 to the bank and the property is worth $110,000. He has agreed to seller finance the property for 3 years. I am trying to ...
Amanda Miller
Financing routes for rental property and primary residence
Hello all, newbie here,I am looking for advice on which route I should take for financing. My story: currently renting but recently found a triplex I’m interested in as an investment property. My lease is up in Octobe...
Reggie Laxamana
Using future rental income to obtain high loan amount.
Hello, I am buying my next property by the end of this year 2019. We don't have much income around (95k after tax). My question is in order to obtain a high loan amount aside from have a good debt to income ratio and ...