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Quick question regarding DTI for a Fannie loan. As I understand that new rental income (less then 2 years) is calculated as:Gross rent * 75% - DITI = income added What I don't know is whether or not the DITI still cou...
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My Realtor took me through several houses about a week ago that was in a neighborhood that is primarily student rentals and is near our local University. One house was interesting to me based on purely the numbers. Th...
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Why would a person who is in pre-foreclosure with a deadline quickly approaching not be motivated to sell their house? They are going to be homeless real soon if they don't pay what they owe. Why are they not motivate...
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I looked at a duplex today in which the owner lives on the first floor and her niece (tenant) lives on the second floor. Prior to her niece she rented to her brother. The realtor says she is selling because she is ti...
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Iam currently in the barracks (enlisted in the military) and want to invest in rental properties. Will banks finance any of my properties? The problem is Iam not going to be living in any of the properties I buy cause...
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G'evening, BP Fam! Please see link to a report at the end of my post i generated for a mobile home park i'm considering. I used the BRRRR calc and made some assumptions. It seems to look possible and reasonable to me....
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If you're interested in adding real estate lends as another tool in your toolbox, these are the steps I've learned you should take to vet your borrower before looking at any of their opportunities!
Background checkCr...
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I would like to get landlord opinions on whether or not you use home warranties such as American Home Shield, etc for rental properties. Is this something that landlords utilize to reduce repair costs, Do you require...
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I have a potential deal on the line for a 5 unit commercial property 1bd/1bth units. $550k asking after being reduced from $650k. 2 other buyers fell through over the last few months. Currently brings in just under $4...
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Hey guys, I just moved into my house-hack duplex yesterday. I noticed that my next door neighbor keeps their dog chained up out back all day and night. The dog cries and barks all throughout the night (probably cause ...