Chris Luksha
Hard times trying to wrap my head around payment schedule options
Hi All,Thanks again to all the great contributors here on BP. I am still sucking in info but really need to jump in with action. To that end I am looking at a potential duplex purchase using private money to fund th...
Elenis Camargo
Is borrowing on LTV real?
Hi BP! I called several hard money lenders a few months ago and they all said they would lend 80% LTV but that their LTV is based on purchase price. Listening to BP podcasts and reading Brandon Turner’s book on invest...
Douglas T.
Debt to income ratio too high
My mortgage broker preapproved me last March for a loan amount of $86,250. Last week, I asked him about a cheaper unit where the loan amount would be $81,750. Since nothing has really changed since my preapproval la...
Justine Lee
New Mortgage vs Home Equity Loan
Hi! I am new to real estate investing and own a co-op in Brooklyn, New York. I am currently saving to buy a second property. I'm wondering if it makes sense to finance this second property with a new mortgage or a hom...
John Podpora
Subject To opportunity
Need some advice about whether I should proceed with a deal that would by my first Sub to. Property: 3br 1 ba 1050sf in Portland OR valued at ~$260k.Loan: principal balance ~$199k @4% with PITI= $983 per month.Amount ...
Derrick Casson
Using Hard Money Lenders to Then Refinance for Long Term
Hey Bigger Pockets fam! I have been doing a lot of research lately on how I want to jump into the real estate investing game. I’m 100% sure House Hacking is what I want to do for my first property, but it’s getting th...
Matt Hudson
Newbie Needing Financing Advice
Hello BP! My wife and I are tired of talking about real estate investing and are ready to start. Unfortunately, we can't figure out the financial hurdle of our current situation and are seeking guidance. So here's the...
Brandon Proctor
Approved for VA Loan Now what?
Just got a phone call today about an inquiry I had about using my VA Loan. I was approved, now what!? The obvious answer is find a home in my price range that fits my needs and a property that will resale or rent out...
Mike Gibson
Dodd-Frank 2014
What's the latest analysis with regard to Dodd-Frank 2014 which comes into effect January 10th as far as how it relates to real estate investors doing options, lease purchases, seller financing, etc.?
Trey Leigh
What would you do with this?
My partner and I just bought our 5th SFR since starting here in 2011. We purchased it from a bank for 42000 intending to rent it at 800/mo which is very much possible based on our other homes. We put 5000 into re...