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Hello BiggerPockets! My name is Colin, I am a 21 year old aspiring investor in the Delaware County area. This post may be a little long but I hope it’s worth reading!I’ve been on BiggerPockets since mid 2019. I became...
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The numbers look great. It passes all the rules. Over a 13 cap rate! The 2% rule is well exceeded! It's fully rented at fair market with long term tenants and will cash flow nearly $200 per door. It even has bran...
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Hello BP,
I am hoping to purchase a multi family property (4-plex), with the information:
Price: $255,000.00
Down Payment: 10% or $25,000.00 with FHA
Loan Period: 30 years
Loan Rate: 3...
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Here's a question.
After a sale can the homeowner buy back their home? For example after being unemployed, and then getting a job. I found one firm doing audits then buying the discounted note and arranging for the ho...
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I was wondering if anybody on here has ever used a hard money lender to finance a texas tax deed sale? Will they even consider it seeing is how there is no actual deed untill the redemption period? I've seen a couple ...
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So I'm considering to refinance my home (I could comfortable afford the new payment) and pull out some cash in order to quickly scale in the SFR space. My wife and I file taxes jointly, though almost all of our incom...
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There is a house on Auction.com that I plan on bidding on. I just spoke with a rep from this site, and they recommended I do a title search on the property before I bid on it. Is there an easy way of doing this wit...
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Just thinking out loud here. I hear comments along the lines of, "jump in while interest rates are low/before they go up" all the time. I was wondering what the effect would be if they go up.
Always having be...
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Hi there,
I was recently looking at an FHA owner occupied mortgage for 1-4 units. My lender said that we could count 75% of the rental income towards income towards my debt to income ratio.
However, I recently cam...
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This is a long shot: A few months ago I read a post from a BP member showing a letter sent to tenants at risk for eviction. In this letter all negative consequences for the non paying tenant are explained in an easy t...