Hello BP, do lenders look at and/or consider rental property income when applying for a loan? In other words, let's say I make 60K from my W-2 job and 5K from rental income annually. Do lenders even consider the 5K as...
Fellows, I am finding the cap rate difficult to grasp especially how it is used in the deals. What I am not clear about it whether cap rate determines the property value of property value determines the cap rateCap r...
Hello BiggerPockets community! I am posting a question to much more experienced investors today, as I am a newbie hoping to purchase my first property soon at the age of 20, about what strategy works best given my mar...
HI Guys,I finally made a decision to make the move to Washington DC in two months, I am really looking to buy a duplex or triplex that is "relatively" inexpensive ( my budget is around the 300k range I know that this ...
Hey all,I'm looking to enter the RE market with a few rental properties, ideally in the Chicago suburbs. I'll have the option to invest anywhere from $50,000 - $100,000 in down payments. I'm targeting rent-ready singl...
Hi all, I've been saving up to buy an apartment in NYC where I live and work, but have decided to put the money to better use to invest in rental properties out of state. Complete newbie in real estate investing, and ...
Hello all, I just closed on my first fixer upper single family home last week and am planning exit strategy B. Strategy A has been to sell this house when its finished then invest in a rental in a "better" location - ...
We're quite close to making an offer on a 6-plex where owner pays ALL utilities. It is not common in the area for utilities to be included, and all units are under market rent. The building is 100+ years old, so I a...
Can anyone who is familiar with these locations provide some insight on these two markets and why you may prefer one over another?I’m also very interested in the rental rates. Online I have seen some sites claim that ...
Hello All, What do we consider a successful "buy and hold" rental property. As I was reading, I keep asking these questions to myself1) Is it as easy as buying a property which is easy to be put up on rent and gives o...