Adam Craig
Help with review of financials on 24 unit apartment building
I am in early stages of looking at this off market deal. 24 unit apartment building. Sellers is asking 1million and provided the numbers below.
Below the income numbers they ran some numbers for financing at the fu...
Vidal Gonzales
Working with Lenders
Hello Everyone,I just wanted to reach out and get some of your opinions and tips and tricks in regards to lenders. I want to start the process of purchasing a new rental property out of state, but I only have 20k to p...
Sheila Villacampa
How to appeal to private lenders
Hello BP,
I am inching towards rehabbing my SFH that I purchased cash in 2014. After trying 2 conventional rehab loans that were denied due to high debt/income ratio, I am now trying to get private lenders from peopl...
Denham McCall
Lenders who loan based on investment property financials not individual
Hi,
When purchasing a rental property are there lenders or loans available that are financed based on the finances of the investment property and not the person purchasing the loan?
Let me clarify with an example. ...
Eric McArthur
27 year old male, 730 credit score, 40% DTI, first time home buyer
27 year old male, 730 credit score, 40% DTI, no student/car/medical debt, first time home buyer looking for estimated max loan amount
Hello,
I understand that this is a case by case question with many variables in...
Danny Day
Cashflow statements on performing properties
I am looking to start the search next year for my first multi-family property, and wanted to look at cashflow statements of those already running performing multi-family properties.
What am I missing for fixed expens...
Braden Hobbs
Buying buy/hold property with no DTI room?
I am currently seeking to buy my first investment property but with my own primary home loan I won't have any room under DTI restrictions to get a personal mortgage on a second property.What are some ways to get aroun...
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...
Kristoffer Dayrit
Higher loan amount: high salary w/ debt vs low salary no debt
Hello BP,My brother and I are planning on purchasing a multifamily with an FHA loan to house hack. My brother has a constant monthly salary (web developer), whereas my monthly salary is more random (restaurant server)...
Ranier Olegario-Nebel
How to start with high debt
Hi BP community,
So I have a strong interest in rental properties and most likely am looking into purchasing out-of-state because LA and orange county are difficult to cash flow. I've only begun saving up for a down ...