Carlyle Gianni
Calculating rental income
Hi BP Family - I'm trying to get clarification on something as I seem to get conflicting information from different lenders. How is rental income calculated for your DTI? I had one lender say they took 70% of the ren...
James Bertrand
Future implications of using BRRRR without one of the R's
I've scoured the forums looking for an answer to this, and it might be a "duh" moment but I figured I would ask anyways.A short backstory: My wife and I have just received a HELOC on our primary residence and are on o...
Brendan O.
Mulit unit with fha not an option
Dear BP,
I have just been informed by a loan officer in San Franciso that buildings here will never qualify for fha loans. My idea to buy four units and live in one is out the window. What route should i go n...
Ken Vogel
considering turn key type property
Hello folks, I'm looking for my first property. I have some reservations of doing major rehabs but could do minor rehab without hesitancy. Ive basically only been shown or looked into turnkey or very close to turn-k...
Account Closed
Bad to keep just one rental?
I currently own one rental. I buy through turnkey providers, so I am looking at properties listed above market price. Prices have risen so now the cash-flow with these properties aren't that great anymore (if there ar...
Spenser Harding
Noob here, but let's get started in Des Moines, WA
Hello! My name is Spenser Harding and I have a passion for finance. For the last 8 years I have been trying to figure out the best way to invest. I've done several things I thought were investing - I went to Seattle...
Matthew Paetz
I've become very interested in bridge loans.
I'm interested in learning as much as possible about the details of bridge loans. I'd like to offer this type of loan in the near future, but I want to know as much as possible. Does anyone have extensive knowledge?
Ken Williams
How can I get a mortgage without it showing up on my credit report?
Hello,
I own a new home free and clear that I would like to get a mortgage on. Are there any options out there that the loan will not show on my personal credit reports? What would happen if I financed it in the busi...
Jasmine Pickney
Private Lender Loan wants PmI paid upfront!
Hello, I’m going through a private financing company and I am being advise to pay it before closing. Is it to be paid upfront or at closing?
Joseph Nguyen
Lowering DTI via SFH
Hey all,
I'm new to investing,. I currently already have a primary home, SFH, in which I rent by the room. I was wondering if I acquired another SFH via traditional investment loan, and either rented whole house/by ...