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So, after 2+ months of being told there would be no problem getting a mortgage but would need to be a commercial mortgage with 30% down, we heard today from the credit union - we were turned down.Looking for suggesti...
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I have been listening to the podcasts and reviewing the forums and keep hearing the importance of equity when evaluating a deal. I don't understand why this is important to the invester when they are looking to purch...
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Hi,I'm a first-time landlord in NJ. I advertised my rental property as available from April 1. I accepted an application from a prospective tenant who, after submitting the application and paying for the credit histor...
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Hey community, I was searching the forums and couldn't seem to find what I was looking for and maybe I am even in the wrong place but I'd thought I'd ask community directly. I am a whole seller in NYC with foresight t...
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Hello all! I’m in a situation where I’m looking to build storage units on a piece of land I’m purchasing but have a couple of questions about moving forward on the build. I have a private party (parents) that would li...
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What debt-to-equity ratio are you comfortable with?If you own $5 million in real estate assets, how much debt would you be comfortable having on it? 25%? 50%? 75%?Why?Does your age impact this decision?
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Hello BiggerPockets community!My name is Steven Byrnes and I'm
24 years old living and working full time in Austin, Texas. I just
recently switched jobs from software sales to residential construction
management...
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My partners and I already have 2 Buy and hold properties in OH. We are thinking about buying a triplex which needs a FULL REHAB. The cost of the property is 18k.As far as getting a loan to buy and rehab the property, ...
Hi, My name is Laurie and I recently have decided becoming a real estate agent may suit my needs for self fulfillment and growth. I graduated a few years ago with an elementary school teaching degree and without a pro...