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Results (10000)
Allen L. What to tell lender when they ask for "Monthly Debt" figure?
4 December 2018 | 2 replies

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 ...

Jason Mittenzwey Calculating Mortgage Payments
31 January 2015 | 12 replies

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...

Rivy S. How do wrap around mortgages affect my DTI
14 March 2018 | 6 replies

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...

Bryan Stats Do banks care about student loans for mortgages / cash out refi ?
29 November 2021 | 11 replies

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 ...

David Gonzalez Lien on property / want to refinance
1 January 2017 | 8 replies

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 ...

Dennis Smith Plz explain how APR works!
20 January 2013 | 5 replies

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...

Sam Leon Late rent - habitual
12 November 2013 | 22 replies

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...

Patrick K. How do you evaluate STR arbitrage investment?
26 January 2024 | 12 replies

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...

Rhondalette W. Please advise-15% down or 20% down- gift money issue
24 April 2016 | 10 replies

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...

Kimberly Hines Advice on Lease Purchase Deal //Newbie Here!
19 February 2017 | 1 reply

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 ...