Richard C.
Showing proof of income?
Hey all,I have newbie question here. When trying to get a loan/mortgage for a property I'm assuming they will ask you for income proof or tax returns to see how much you're making and what can you qualify for, etc. My...
Eddie Ziv
Credit cards - What went wrong?
Today, (8/20/09) the first phase of Credit Card Accountability, Responsibility and Disclosure (CARD) Act is being enforced which makes me wonder. In such a perfect capitalistic economy where competition suppose to wee...
Burt L.
Finding DSCR Loan Brokers - I Keep Reading How Important They Are
BP Nation,I keep reading again and again how important DSCR Loan Brokers are, but have been unable to find one by searching. How can I find one - I'm in Colorado but know there are many national DSCR lenders. The 4 un...
Roy Meyer
How are u collecting rent?
HI i am a new real-estate investor and have 4 units currently. I have been using zillow to list my properties and manage them. i am just looking to be more efficient with rent collection and help stay more organized. ...
Katie Willcox
Pre-Screening - Are We Being Too Tough?
Hi Everyone!We took possession of our first rental on July 15th and we are self-managing it. We've prepared a pre-screening questionnaire with guidance from Heather & Brandon Turner's Managing Rental Properties b...
Renjason Patulot
Questions regarding Refinancing part of BRRR strategy
New RE investor here so I may be asking silly questions.
Is the process for applying for refinancing different from applying for a mortgage to initially buy a property? Or are they pretty much the same and that they...
Abel B.
Cash Out Refinance on primary my Home to invest on rental?
Hello, I am planning on getting my first rental property. My condo is worth $81K. I have $21K mortgage on it. It is my primary residence. I was planning on paying it off and save up a down payment, closing cost, 6 mon...
Jim Coleman
Laid off and rehired by same company - can I get a loan?
I was laid off at the end of January and rehired in July (worked for this company 10yrs before being let go) . I still make about the same about - 80k a year. I have 6k in my savings and about 50k in an IRA I wanted t...
Kyanne Mader
HELOC financing difficulty
Hello BP people!
I have a financing question! I am desperately trying to find a company who will do a HELOC on one of our homes so we can purchase some new properties. The difficultly we are running into is I just c...
Chase London
Tips on financing next deal
After 6 months of learning here on BP I purchased 1 property with cash and currently house hacking(no mortgage). Now im like whats next how do I get next property under my belt. Credit/Fico scpre in mid 400. Working t...