I have a potential tenant. A pastor in a church. He makes "okay" money, but definitely short of my monthly requirement. However, apparently the church itself pays for his rent outside of his salary. I called the...
Hi All,There seems to be 3 common approaches to financing rental properties:1- Buy in cash. Hold in cash. Debt is bad. 2- Buy with the absolute minimum necessary out of pocket for the longest possible term.3- Somewher...
Are there any long term asset based loans that qualify strictly off DTIR (debt to income ratio) along with maybe personal reserves? I currently am self employed for under 2 years and I currently own a turnkey rental b...
Hello BiggerPocket Community,
I just refinanced out of my FHA, a few months ago on my first property (condo). I was hoping to invest into a second property with an FHA loan and using the HELOC from my first property....
Hey BP long time lurker here! Need some help clearing up some question. I'm looking to get a HELOC to fund a separate addition that I plan to rent out.
I recently applied through a big bank and was declined due to h...
I'm strongly considering buying a bigger-than-I-need house in Boise's overheated market for house hacking. My biggest fear is that I won't be able to find tenants to actually fill the house. Has anyone out there strug...
Guys I read a couple great posts here about HELOC for self employed businesses were there are many write offs to show an income on a tax return. But not my specific situation, hoping some wise minds can help. We are...
I'm currently looking at a house in Queens new York for about 725k , looking to house back . The dilemma I have on my hands is since I am a realtor and will be representing myself I can either take a 1.5% commission w...
Hope everyone is doing well!
I'm a new investor in the Orlando area, and have been scouring the market now for a few weeks, looking to buy a primary residence asap, as my lease ends in Feb. Most likely a SFH, due to ...
My 72 y.o. mother just sold her only property to simplify her life. She has $1.1M in a 1031 exchange and is planning on purchasing three to four Deleware Statutory Trusts (DSTs) that contain Class A, mostly large scal...