N/A N/A
Best chances lender will short sale
Hi All,
I read somewhere a good rule of thumb is a 30% equity purchase price. I guess the idea is that after closing costs and other potential fees there would still be enough left over to be a good deal. (I guess th...
John Underwood
Pigeon Forge area market report
Saw this from a Realtor in the area:Understand a large portion of this market is STR's. The market is on the move with a median sold price of $576,500 and a 5.41 Months Supply of inventory. ______________________First...
Kyle Seidel
Why doesn’t short term rental income count as income in DTI ratio
I want to get a short term vaca rental in Nashville but I just ran into a roadblock. My lender said that they can’t qualify short term rental income as income since it’s not guaranteed. It seems silly to me that they ...
Tristan S.
Confused about the rules for refinancing after HML or private
Hi Guys,Currently working on a deal in Houston and looking at different financing options. I need someone to help me understand the rules and regulations around the refinancing process (into long term, conventional, f...
Account Closed
Looking to understand various Hawaii Markets
Looking to invest in our second STR property and Hawaii is in our radar. Being out of state, my husband and I have no idea about the area and ideal places to invest in terms of STR income and long term appreciation. C...
Kim Puckett
Taxes in SC are killing us - investing in GA or NC?
We currently have 2 properties in SC and the non-resident taxes are definitely cutting into our ROI. Was thinking today, since we are out of state anyway, maybe we should be looking in NC or GA. I have searched both s...
Michael Ablan
The FHA and USDA Anti-Flip Rule
Hey guys!I just wanted to write a quick post about the FHA/USDA flip rule. Somehow I had never heard of this before and kind of stumbled on the info while talking to my lender how some of the flips I'm doing (thank g...
Will M. Ballard
Rookie - finishing 1st property and learning financing options
Hello - a good friend recommended I join BP to learn and hopefully get some advice on a question that I had called him seeking answers for. As my post header states, I'm a rookie. I am rehabbing my first investment pr...
Matthew Hurchik
BRRRR question for new RE investor
Hi all,
Brand new to biggerpockets and learning a TON over the past few days from the youtube page, podcast and website. I am 26 years old and just bought my first 620k two-family rental property in suburbs of Boston...
Trey Browder
Property Valuation - Retail Strip Center (Atlanta)
I am partial owner of an eight unit commercial retail strip center property in Lawrenceville, GA. Currently, the other partners are offering to buy out my stake in the property but we have a disagreement in some of th...