Barry Wallace
Funding Challenges For Rental Property
Hello Bigger Pockets Community,
I wanted to try and get some advise from the group. I purchased a rental property back in November 2020. I paid cash for this property so I don't have any mortgages. I'm considering...
Whitney Stanley
Help - Zero Cash Flow Deals
Help!Good afternoon BP Community! I stumbled about the site and it appears to be a wealth of information and I am excited to bounce around questions in hopes that I will get some help. I'm currently working for a real...
Anthony Jeffers
Question on HELOC amount being offered
I applied for HELOC with my credit union. Prior to the property appraisal being done, they told me the maximum amount I would be able to get. I thought the amount that could be pulled out was based on a debt to income...
Kyle Allen
Owner Occupied 4 plex, can we do it?
Little about ourselves, my wife and I are both 21, she works full time and I work part time and attend college full time (BS Mechanical Engineering), combined we make roughly 50k a year, I have no student debt, all is...
Ryan Esaki
Heloc / refi on rentals or just let them be?
Looking for advice from someone who's been doing buy and hold for a long time. I'm in a very fortunate situation where my brother and I inherited 2 fully paid off rental properties. They're old, but they're valued co...
Brant Richardson
Debt paydown strategy with multiple mortgages.
I currently have seven SFH rental properties. Five of them have small mortgages, 40-60k. The interest rates on each mortgage is pretty similar 4.5-5.25%. They are all 30 year fixed rate mortgages. I also have a 28...
Tim Joyce
DTI calculation, for conventional lending
Can any lenders who do conventional lending tell me how wide a snapshot you’d take of my debt obligations when calculating DTI? Like, does the short-term debt service I have now really hamper my borrowing capability f...
Burt L.
Is FHA More Lenient About DTI When Using Cosigner Than Conventional?
I will be seeking either a 3% Conventional or 3.5% FHA loan. Credit is at 715-720 (720 is much better) but I will have a high DTI and can obtain a family cosigner with significant income and low debt. My understanding...
Mark Costa
Does partnering on real estate deals hurt your bankability?
Hello BPers,Thanks to the advice and inspiration from these forums I am now at the point where I would like to partner on some deals. Because these deals are relatively small, I assume they will be recourse loans. If...
Michael Nowak
Debt Schedule for Bank
I am looking to take out a loan on a new property and the bank is asking for the debt schedule for the properties that I currently own and rent out.
1. What exactly are they looking for? What should be the format of...