I purchased an existing commerical building for about $550k, and I am putting about another $500k into it. I will be occupying about 35% of it and the rest I will be renting out.The bank originally assessed my buildin...
Hey everyone!I recently purchased my first investment property and as a newbie, I have a few questions. For years, I've been reading and learning on the BiggerPockets site, but it's amazing how much you don't know onc...
I started my real estate learning about 2 months ago and though I'm about a year from buying my first deal at this point I have talked to mentors, read numerous forum posts, and books and have made a more concrete pla...
Hi everyone, I am a new member. I've listened to many podcast on iTunes and decided to dive into the BP world.
I need to know what lenders you guys may know that will finance for 30 years. I am in Louisiana and all ...
Hello,
If my business partner and I take a loan out on our LLC (50% ownership) will it show up on my personal DTI?
Appreciate the help.
Thanks...Paul
Hi All! I could swear I heard something on the biggerpockets podcast talking about DSCR loan presentation documents of some kind. Basically, what I maybe thought I heard was a general outline of some of the document...
Using the BRRR method I am looking to make my first purchase and I found a house divided into 4 units with a total income potential of 1,900 monthly. I am going to have a contractor look at the property but for now a...
I think an underrated aspect of success in Entrepreneurship is your personal financial position!Hear me out:Before I decided to chase my dream of full-time entrepreneurship I did a few things that made my journey as a...
I listen and occasionally call in to a satellite radio show that helps listeners with personal financial matters (paying down debt, saving for college, retirement planning, asset allocation, etc.). The show is great ...
I have an appointment tomorrow afternoon with a commercial loan officer and want to be as prepared as possible so as to not shoot myself in the foot.
Here's my situation:
I am in the middle (in underwriting) of buyi...