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Below is a snap shot of a P&L on a potential investment property. How exactly is D/I calculated. I'm confusedIs it PITI/(.75*2400)=(1246/1800) which is 69%? Is the D/I something else?
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I am constantly finding myself always getting amazing deals under contract (current deal asking price $190k with an ARV of $430k+) but having most lenders be scammers. ARE THERE ANY LEGIT LENDERS? My current lender i...
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My questions is on the MAR contract the clause that deals with how closing fees are split between the buyer and Seller. The clause is below: I would interpret this to mean that unless there are any title defects or ...
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Hello BP about a year ago I bought my first house! its a 3 family in Lancaster MA. It came with a set of tenants (a middle age man, and a middle age woman and her boyfriend) who have been decent.they do pay but it has...
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Hello All, I hope everyone is staying safe in this crisis. I do have question, many of you prob have went thru this, hope someone can help.I own 2 investment properties free & clear. I bought one 2 years ago &...
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As a young man (20 years old), what would be the best option to begin investing. I would like to start out either wholesaling or flipping. I have located several flips but not sure if I would be able to sell after fli...
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Join other Pasadena-area real estate investors at our For Investors By Investors meeting (FIBI) held the third Thursday of each month at 7pmLocation: Courtyard by Marriot, 180 North Fair Oaks Ave. Pasadena, CA. Door f...
Good evening all, I’ve got a prospective tenant who showed up to view a home with her husband. He never got out of the car and when specifically asked said, within my hearing, that he didn’t care about looking at the ...
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I understand that it starts getting difficult after 4 conventional mortgages, and you’re capped at 10. Stupid question - does this include/apply to refinancing as well?
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I found a 4 unit multifamily unit with the numbers below. To me this is not a good deal but i just wanted to bounce my math off of others to make sure i understand how to judge these things.Purchase price 330,000Marke...