Luke Carl
Refinancing with a Partner and how to handle DTI
Looking to make an offer on a bank owend auction.com property with a partner on Monday. He's bringing the cash (I'll be the sweat/management) and we would want to refinance into a conventional so he can get his money ...
Anthony Johnson
Just bought # 18 since Dec 2011. Ask me a question.
I just entered into escrow on a SFH with a private money mtg/seller financing and it is another "petty house". I have bought "Luxury" 4 br homes by the beach, pool homes, and some lower middle stuff, but every...
Jim Growfer
How to figure out my Debt Coverage? 7% factor?
Can I use 7% interest as a conservative number to figure out my mortgage payments? If i got $1,000,000 Lent to me. I would pay 70k in mortgage payments per year
Tanya Brown
Solo 401k Nonrecourse loans
Where are people finding non-recourse loans to fund a buy and hold rental property with their Solo401k? I found 2 lenders who specialize in it but rates are almost at 7% I can get 4.5% from credit union and 5.75% from...
Steven Lewis
First multi-family purchase
Investment Info:
Small multi-family (2-4 units) buy & hold investment in Union City.
Purchase price: $420,000
Cash invested: $420,000
Purchased my first multi-family investment property. Sold my ...
Donald Nnamdi
Getting financing for my first property
Hello All,I am trying to get financing to buy a 4 unit in the Dallas Fort Worth area using FHA. How do I avoid taking a hit on my credit score when trying to shop around for the best rate I can get. I was told that mu...
Adam Gresch
Am I missing something out here in Los Angeles?
Hi all, I am fairly new to the world of real estate. I've only worked in the field for a little over a year now and that's mostly been in the maintenance side. I'm still pretty young, but have been studying voraciousl...
Gwendolyn Davis
calculating numbers for wholesaling
I found a forclosured property for 79,900. The houses in the area are selling between 108,00 to 120,00. The house is in very good condition (liveable). I am not sure on how to calculate the numbers to wholesale the pr...
Jacob Haskins
Inheriting Tenants- No proof of lease, verbal agreement only
Hello BP community!Tomorrow I am slated to close on a duplex, and I will inherit tenants. The seller has stated they do not have any paper leases, as everything is verbal. The tenants are long-term (about 10+ years)...
Jorge Vazquez
"Flipping This House" is full of crap!
Why Most People Think It’s Easy to Find Profitable Flips!
People assume that whatever information is readily available is common. This bias skews our perception of reality. If you watched a show about flipping houses...