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Hello BP, I am having trouble expanding on my current portfolio. I am not getting approved though any lenders and Ive spoken with 8 different companies. The problem that keeps coming up is my DTI doesn't meet their st...
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Hi there,Can someone recommend a mortgage banker or lender (no brokers, please) in the Triangle area?Thanks!
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Hi BP Family - I'm trying to get clarification on something as I seem to get conflicting information from different lenders. How is rental income calculated for your DTI? I had one lender say they took 70% of the ren...
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I'm looking to get into flipping houses. I'm a first timer. I've done some research on dohardmoney, other hard money lenders, and I've thought about going through a traditional loan through a mortgage company. I'm ...
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Hi everyone,I came across BP while searching for properties, and this looks like a great place for investors. I bought my first two rentals almost five years ago and am grateful to have wonderful tenants, thanks to th...
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I have been doing hard money lending for a few years though hard money brokers which source and set up the loans for me to fund. I have not gone out and purchased any existing notes yet, I have just funded new loans...
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Hey guys,As of the moment I am not looking for another property. However, I did want to know for when the time comes, a bit more about conventional loans in CT. For an investment property, what is the lowest that one ...
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The thought occurred to me the other day to potentially start a fund, at my regular job, to invest in a property. None of us are going to retire on our 401s. The plan would be for each of us, maybe 20 members, to c...
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Hello all,
This is my first flip. I will have a tub in the second bathroom. This is not a luxury property. For the master bath, I am trying to figure out if I should go with a walk-in shower or a tub. I have read tha...
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We are brand new at this, outright own our own house right now which we are going to move out of and use as a rental income. We considered getting a home equity loan to take out 50k of the house to push towards our ne...