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I own a home valued at 400k with 230k on a 30 year fixed FHA. Our debt to income ratio is too high due to student loans and a few credit cards hence the FHA. Also my credit score is not great right now due to some l...
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So I have $1,500 and a credit score of 568. How would I go about finding my first rental property. I’m a new investor with no real experience. What are some tips and to help me get on my way.
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Hello BP community,
I have observed a lot of confusion on the forums about financing options and the availability of programs for RE investors. As I have gained a ton of knowledge from the forums in my own journey, I...
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So theres a ton of talk about being over leveraged, a downturn or correction is coming, etc etc. Well, I'm pretty leveraged. It was the only way to succeed without a 350k/year 9-5. brrr over and over. So correct me if...
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Hello everyone,
My long term goal is to create wealth through real estate. I am getting my real estate license for many personal reasons. Eventually I am going to find properties that I can fix and flip and purchase ...
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I’ve heard that people lose everything when they’re overleveraged. When would you say people lose their shirt in RE investing, when debt to equity ratios are to high or when their debt to cash reserve ratios are too h...
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Is it possible to get a loan or secured line of credit against multifamily syndication ownership interests? Would most banks/credit unions even understand what a syndication is? Looking for guidance to see if anyone ...
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I've been very successful with purchasing REO's for 10k-25k and renting them out for $625-$700 to sec. 8 tenants. I've used credit cards with fixed rates and Bank of America to mortgage the properties, but these types...
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Can anyone suggest creative ways to come up with down payment money, required for a hard money deal?Specifically, I need to quickly come up with $9,000 for a down payment, in order to fund a purchase through the hard ...
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Has anyone used hard money loans to purchase a buy and hold rental property? I have excellent credit and cash reserves, but I want to buy a fixer and don't want to deplete my reserves on one property.
Has anyone t...