Rachel N.
Leverage, debt, etc- how much are you comfortable with?
Hi all, new to BP and I fully own one rental with a tenant in place, with another SFR purchase in process that's being partly funded by a HELOC from my primary residence. My plan was to pay for most of the property in...
Darren McGillvrey
Buying my First Duplex and Need Some Help
I am closing on my first duplex this week and it's my first investment that has tenants. The previous owner didn't keep up with a lot of maintenance items and both tenants have been there 15+ years. The problem I'm ha...
Nathan Waters
Refinancing with a non fannie mae lender near chicago
I recently bought two SFR's in the joliet illinois area. Now that the rehab is almost done, I am looking into getting a loan on the properties to obtain cash for a new investment. The few traditional lenders I have sp...
Charlie Gruber
Private lendor for personal house
All,Have a friend looking to purchase personal residence in Denver area and he keeps loosing to other all cash offers even when coming in over asking. He is using a 30 year fixed. Anyone have experience using a priv...
Wisner D.
Foreclosure: How did you get around the List Price?
Ok in trying to purchase foreclosure properties, I am running into the issue of not being able to negotiate the price. After doing research to find contact information the bank says I need to go through a realtor, the...
Joe Henry
What are the ways in which you can get a discount on a prop?
In many books and articles I'm reading that successful investors buy at a discount. However, these sources don't specify how they get that discount. I'm assuming some of the discounts could be:1. Property needs sweat ...
Jake Kucheck
Your Voicemail Greeting is a LIE
I can't tell you how many times I've heard "I'm either on the other line or helping clients".
Really? Your life consists of nothing besides being on the phone, or helping clients? Perhaps sometimes even helping cli...
Billy Bell
Need help reviewing my first Property Management Agreement.
Hi All!So I'm coming up on my closing date for my first ever rental property, and currently looking for property managers. I was referred to this one by a trusted friend that has a couple dozen units in the area. I ha...
Kimberly Kesterke
How to find an Investor Friendly Real estate agent
If purchasing properties off the MLS seems to be the next logical step for you- then you need to network and find an INVESTOR FRIENDLY agent. I emphasize investor friendly because you need to work with someone who un...
Matt Holmer
Fannie DTI ratio with new rental income
Quick question regarding DTI for a Fannie loan. As I understand that new rental income (less then 2 years) is calculated as:Gross rent * 75% - DITI = income added What I don't know is whether or not the DITI still cou...