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Hi guys, I am looking to purchase a 3 flat in the city that I live as a live-in owner-investor. My only other rental property is in TX. If a lender ask me what my Monthly Debt figure is, what exactly are they looking ...
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I know this may be a fairly basic question, but I am attempting to figure the monthly payments on properties I would like to purchase. I understand that my CAP rate will not include the mortgage payment so I want to e...
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Hi,I am trying to understand how doing a wraparound mortgage will affect my ability to get more loans. My rentals with regular mortgages on them add to my income (rent *.75 - payments). But with a wraparound mortgag...
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Greetings there
I am new to the real estate world
Unfortunately like many young folks I am saddled with a lot of student loan debt, hence my income to debt ratio is very bad
For those who have experience attaining ...
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Hello BP members!
I have a question regarding refinancing a home with a lien on it. It's a long story but I will make it short.
My father took out a second mortgage on our primary home before the financial crisis ...
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Guys hi
I want to take credit line from my bank(chase)
just spoke with my business banker and she said that i can count on 10%-15% APR.
I am looking to get 30K credit line.
How do the interest and payments calcula...
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I have never had someone who pays late all the time.
In the past I had a few tenant late a few days here and there, and even though I have it in the lease a late fee after the 3rd day, I have never enforced i...
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I was wondering how you evaluate investment with limited or no equities such as STR arbitrage. Since when the lease is up, you have nothing in the deal other than a few years old furniture, whose value would be limite...
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I am in the process of purchasing my 2nd and 3rd properties with conventional financing from the same lender. Originally, I planned to put 20% down on both properties because I thought that it was a REQUIREMENT that i...
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Hello All! I am totally new to this and decided to call FSBO's and connected with someone in another state about a property in CT. The property is free & clear and the owner is willing to do a lease purchase with ...