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I am new to BiggerPockets and have enjoyed the informative Forums. My question is in regards to counting a draw from a Partnership LLC (my wife and I) as income for the purpose of refinancing my primary home. My DTI...
Right now I am working on building my credit with a cd at my bank. They said it could be six to twelve months before my credit builds up. What would you do if you were me?
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Now I know it is majorly frowned upon to do your own accounting.... but I have been for maybe 3 months or so in relation to a property I host on Airbnb. My current dilemma is based around opening up a bank account for...
Hey all, I have an individual interested in backing a deal I found. How would one go about getting or creating a proof of funds to accompany your offer in this case?
Hi Everyone,Currently working with my brother (Just the 2 of us) on starting up an LLC for Rental Property investments and I wanted to know anyone's thoughts on whether we should be getting pre-approved prior to start...
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I recently purchased my first property from a bank owned Auction which I paid cash for. The property is in Philadelphia PA and I paid 39k. After repairs the property should be worth 100 to 110k based on the comps in t...
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I'm located in Texas looking for a Home Loan Company who are good with working with people with bad credit and getting them approved. Any ideas?
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If a potential home buyer gets approved for a home loan of say $100,000 , but purchases a property for less amount , do that person still get the remaining amount left or only the amount the house cost?
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I'm looking to invest in multi-family but my DTI is pretty much at its limit. I've looked at several ways to incorporate deals but the majority of sellers want a loan from the bank. How can I continue making offers wi...
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I have heard that, as of August 15, Fannie Mae and Freddy Mac have limited an individual to 5 mortgaged properties. I already have more than that many and am becoming liquid again and ready to buy in this down market...