Kimberly H.
Debt coverage ration (DCR), tax returns, and commerical loans
I understand that DCRs need to be 1.25 and above for commercial loans, but what source do lenders use to compute those numbers? Tax returns? Just most recent or 2 years worth? Do they ignore depreciation as it appears...
Leah Brooke
Making offers on multi-units— asking or above?
How hot is the Denver multi-unit market? Is it most common to offer above asking? Also, what percentage of them would you say are cash offers?
Patrick Turner
New investor looking to get started in Memphis
Hello all.
Im new to bigger pockets and RE investing as a whole. It has been a goal of mine for a few years now. I just sold my house in Colorado and made a decent penny on it. Im moving to SC, and I plan to use some...
Alex Ballas
Section 8 Holdover tenant with 3 month penalty clause
I have a section 8 tenant who might not move out after the notice to quit date, and in their lease there is a 3 month penalty for holdover tenants. Who pays that penalty? Section 8 have been paying 100% of her rent u...
N/A N/A
HML, is this common?
Ok I know I will need a HML to purchase a house in need of work. I also know it isn't uncommon to get repair cost also to draw from. But is it uncommon to have a large down payment, like 1/2 the repair costs? I kn...
Kandice Morgenstern
lease clause for tenant expectations/responsibilities during mandatory evacuations
Does anyone have a good lease clause to outline responsibilities and expectations during mandatory evacuations? Evacuations due to wildfires are not uncommon in our area of California. Are the renters or the landlord ...
Sherilyn Spears
HELP!! REO Owner Occupant (or not?)
Hi all. I'm in a frustrating situation that I would love to get some opinions/insight on!I have recently submitted an offer on a foreclosed property that has been on the market forever. The MLS description even descri...
Justin Wheeler
Should I Evict Tenant?
I bought a duplex almost a year ago, house hacking. My tenant is currently living on a month to month lease. She currently lost her job and wasn't able to pay her rent out of pocket. However, a non-profit organizat...
Mark Beekman
Need advice on closing delays for Auction.com property
I won a SFH auction on Auction.com on 9/27. Offer was accepted by the bank, purchase agreement was signed by both parties, earnest money was paid, etc, etc.The closing was originally scheduled for 10/27, but they had ...
David Serrano
Stopping Foreclosure
Hey Group,I am in Dallas County Texas and need a little help setting up Subject to deals. The main issue I'm having is getting an extension or stopping the foreclosure process long enough to close the deal. Any help w...