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I just had an idea, if we could figure out the maximum amount of dollars we could pay for a property per $1 of monthly rental income we estimate the property will bring, we would have a very easy way to figure out how...
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To the experts here,
Perhaps asking for legal advice is inappropriate in this forum but if I could get an off-the-record opinion I would be deeply appreciative.
The scenario is this, if I were to locate a property o...
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Ok, I have a dilemma. How is the best way to collect rents if the majority of your tenants don’t have bank accounts. I know it is hard to believe in this day and age but there are a significant number of people who d...
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I hear a lot of people on BP talk about that the best they can get for financing is typically 80% LTV. A local bank I work with will loan out 85% LTV on 4 units or less and 80% on 5 units or more...here is the kic...
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I recently evaluated a mentor agreement with a nationally recognized expert in SFH investing. Let me state upfront that mentoring and expensive courses are not something that I believe actually work, yet this program ...
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Hey BP Community:
I'm about to purchase my first rental property (will start offering mid-April when all my financing, cash reserve, and 2nd reserve source--i.e. heloc is in place). Finalizing my plan of action and ...
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Ok so, a Bank of America loan consultant told me earlier today that no one is giving out home loans with 0% down anymore. Is this really true or are there still some lenders out there that will??
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Hi All,As I look at my options to finance my first RE deal, I was researching the early withdrawal penalty from TSP (Federal equivalent to 401K) and just learned that I can take out a TSP loan with no penalty, no tax ...
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Hey guys - I'm in the process of finding my first deal & confused a bit by the numbers. Let's use this example....I buy a house for 140k that needs about 10k worth of work. I spend 150k total. My monthly mortgage ...
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I have not studied to much about real estate, I have read the Ultimate Beginners Guide by Bigger Pockets, side course with 6 lessons and about 10+ articles from bigger pockets so I have the general understand of every...