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Hello! I have (had?!) a plan to refinance our current mortgage as well as get a HELOC. Apparently our DTI
is too high for the HELOC so we can do a cash out refi but that is less
desirable because it means we canno...
I will start driving around an hour after work a few times a week looking for "ugly" houses in my town. I'm not really sure what I'm looking for, or what neighborhoods I should be looking in. The first time I drove ar...
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Hi. I'm new to Biggerpockets. My intention is to buy rental income property. I live in the SF Bay Area where re is prohibitively expensive for most, including me. I own my primary residence here but was thinking about...
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Hello BP peeps!I have a dilemma. I found a duplex in Los Angeles California that has an unpermitted studio. I noticed that the seller and agent has put the studio's income as part of the NOI. I am wondering if this is...
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Hi everyone can someone please explain to me the difference between a hard money Leander and a privet lender. I want to acquire a down payment for a 9 unit. Thanks.
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I have heard tidbits about this, but i want to try to get a full understanding. With a self directed IRA, i have heard that it is easiest (contractually) to invest money as just a hard lender. If you begin doing any w...
Hello! I am writing for some clarity -- I know that the LA/SoCal area is difficult to find value right now, and that house hacking is not all that likely to do here, so I've been researching other out-of-state areas. ...
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We are VERY new to the real estate community and are looking to purchase a multiunit to buy and hold.... attempt a BRRR.... just nervous to dive into a purchase that wont yield as a profitable investment. Any advice t...
How do i judge a renters credit check results?
How do i tell a good renter from a bad one based on credit report.
Is there a minimum credit score they should be that tells me how bad they are?
Try...
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Is simply applying the 50% rule running the numbers? In other words, can I simply calculate what my P&I will be and as long as it's 50% or less of the expected rent, then the deal has potential? Can this replace...