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Investment Info:
Single-family residence buy & hold investment.
Purchase price: $203,000
Cash invested: $30,000
Bought as a live and flip and house hack. Have rented out for a year.
What...
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I made an offer today on a for sell by owner house that is in need of extensive repair. Then it occurred to me that I might have a problem getting a mortgage. Mainly because there is an unfinished, un-permitted 400sq ...
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Hi BP friends,I am working on reactivating my PA Real Estate Salesperson license and am searching for a Real Estate Broker who would allow me to "hang my license on the wall", pay the associated fees and practice part...
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Investment Info:
Single-family residence buy & hold investment in Madison.
Purchase price: $330,000
Cash invested: $80,000
Sale price: $360,000
Used as a house hack through college and then r...
TL;DR: My DTI is too high to qualify for another mortage. What are some options?
My goal this year is to get into a second house hack! BUT I would also like to retain the home I am currently living in as a rental. Th...
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Are there any mortgage lenders who will provide loans without charging 25% down? We are about to rent out our condo (primary home) in Pensacola, Florida as we decided it wasn’t what we wanted and would like to purchas...
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I keep reading these stories of people starting off in Real Estate with no money. They hook up with a Private Money Lender then obtain properties to hold for long term investments. Can anyone elaborate on how this is ...
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And by far, is income taxes. I know there are tremendous legal methods how to not pay income taxes, or to pay very little. Judge Learned Hand(his real name!) once said in a court case " it is the right of every Americ...
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So, I've seen posts run the gamut here on Biggerpockets when it comes to how Fannie/Freddie calculate your DTI including your rental properties.
Let's say, for arguments sake, I have 1 rental property which grosses...
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Hello,
As a beginning investor, what down payment amount would you suggest if doing a traditional mortgage? Of course, putting more down like 30 % would make it look like the property cash flows well, but is it wort...