Jim Collins
Shouldn't PITIA paid by LLCs be excluded from personal DTI calculation?
I am paying mortgage for all the rentals from business accounts. The only PITIA paid from personal account is for a personal residence. I am trying to get a 5% down first home buyer conventional on a fourplex for my d...
Anna Markowski
2nd Loan/Purchase Fast
I recently purchased my first building, a 4 unit that I live in, in Chicago with a Fannie loan at 5% down. A part of the building is going through a renovation and that triggered some old mental health issues with a m...
Russell W.
GRM vs. Cap Rate
When determining the value of a 3-4 unit property, which is more useful- the Gross Rent Multiplier or the Capitalization Rate? What do you guys prefer? Why? I'm looking at listings to practice "running the numbers" ah...
Matt Z.
Converting a 2-family back to 3-family - any experiences?
Hi BP Forums,Have a question that may be tough to answer - it's probably very dependent on local regulation. But I need to start somewhere, and formulate my approach...I viewed a 2-family house yesterday. Beautiful ...
Bob Asad
How do you prevent co-mingling of funds?
If I have 2 rental properties and charging 1st, last, and security; can I take the last and security for both places (combined) and put them into a Bank of America savings account?In other words, I already have a chec...
Luke Carl
Long Distance Self managers... How do you show the property?
Long Distance Self Managers! I live 2 hours each way from the property. I rarely drive down there but when it comes time for a new tenant I want to meet them and be involved. (This is a new purchase closing next week)...
Brian Bradley
Modern Estate Plans
Do you have your Estate Plan / Trust in place? If not, then you are not protected from wealth destruction and the Big 4.Most come on Bigger Pockets to learn to invest and build connections. Then they realize the need ...
Barak Schafer
LLC options for new STR
Hi,
I am looking into starting an LLC and buy a property with my sister-in-law. We are looking to sell one of my current investment properties and use that plus some of her capital to buy a house, furnish it, and l...
Josh Dehmlow
A couple partners, a couple houses, some cash, a couple questions
I'm thankful for the vast amount of info here on BP. Been a reader for awhile, member for a short time and a new poster.SO... the Situation: (I will simplify numbers for the sake of clarity)Partner A (me) has 2 rental...
Benjamin Sulka
Financing my 1st House Hack
I just got engaged with my girlfriend but we are not yet married.
She is 100% on board with starting our real estate investing journey and we are buying our first multifamily to house hack in the coming months.
He...