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So I know with the BRRRR strategy you start off with either your own capital or borrowed capital until you can refinance. My question is how many times can you refinance. Is there a cap to how many loans you can have?...
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Hello, I am new to biggerpockets and new to investing, and have some questions that hopefully someone can help me answer. First, a little bit about myself. I am 22 years old, recently married, and work a full ti...
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BP community-I'm in a bit of a situation. I'll try to keep it as simple as possible:I'm in contract on a duplex that will be a buy and hold rental. Partnering with two other individuals, creating an LLC, and obtaining...
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I have a lump sum of money that I would like to invest in real estate. I am a true beginner and I’m wondering should I buy the investment cash and fix it up and either rent it or flip it or should I take out a mortgag...
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Okay...With all of the threads going around about FNMA properties 5-10 I wanted to clarify how "DTI" is calculated for rental property for both the front-end and back-end ratios for:
1. Rental Property With Mortgage...
Hey all, I have been trying to get a loan for my second rental property and it has been very frustrating to say the least. I cannot go through a bank to get a mortgage. I am currently unemployed, but I have multiple s...
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I have an owner occupied conventional duplex. It’s been a year and wanted to try to FHA into something bigger. 3-4 units. Lender is saying the underwriters won’t buy that I would move from a duplex to a 3-4 unit and s...
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I am a new investor and have been following bigger pockets for about a year. I now feel confident with the underwriting after doing 100’s of practice listings but confused on the financing. My scope is c+ single famil...
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Hello all, I have a property in DFW that I have a hm loan on. Due to a serious of misfortunate events I am in default now. I owe my lender about 8k. Right now my debt is sitting at around 154k (8k outstanding intere...
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Hey everyone, I own a primary near where I rent, and have about $250 in equity. Of that, I applied for $125K.I have 3 rentals that I own free and clear in Indianapolis. I begun the mortgage process for the Refi portio...