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Hey guys, The banks are telling me that they can not loan to me for a personal home because of my Debt to Income is to high for their underwriting. I have been working to build my rental portfolio for the last few yea...
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Hi all,
I under contracted one 6 units multifamily in Bay Area and doing commercial loan with Chase.
The financial of property is good:
DSCR = 1.3; LTV = 45%;
Both my liquidity and net worth passes Chase's ...
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Hello Folks,
My name is Max Shepard. I am about 6 months from getting out of the military . For a little over three years I have been researching, and learning all I could about real estate. Late last October I took ...
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Hey guys I have an interesting financing situation and need some advice. We're using the BRRR approach with this deal:I have a single family (2bd/3ba) foreclosure property I'm looking at with an ARV of $80K. We think ...
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Hi BP Community, This is my first post and I need some advice. I am working on getting my second long distance rental and I'm short on closing costs. I'm in contract, the property is located in a small mid-west town ...
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Hey Guys, we came a cross a deal that is a rental property thats currently cash flowing and has long term tenants in place. The owner is offering seller finance with 30K down and a 2.89% rate. We really want this deal...
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Hello, how can you go about to get a HELOC line of credit if you don't make much/don't have any credit/have no assets? I plan on using HELOC and hard money lending as a way to fund deals being that a regular bank loan...
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Hello everyone, Ashley McGrath here I'm brand new to the community and I'm excited about the opportunity. My husband and I are currently living in the home we are going to buy in September. We got a pretty amazing de...
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Hello everyone, I bid on two separate homes with Auction.com and won both bids. One home is for 22.5K and the other is for 25.5K. I've paid 2.5K EMD for each property. I am scheduled to close the 1st week of October. ...
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Hey BP Fam! I'm new to this party and learning so much from all of you. I'm at the point where I need to do some renovations to my primary residence and I'm trying to determine the best way to go about it.
Stats: Cu...