John Asher
Being asked to provide proof of rental payments for DSCR loan
I am applying for a DSCR loan and am now a renter myself. I’m being asked to provide 12 months of cancelled checks in addition to a lease to prove that I’m renting. Providing a copy of the lease makes sense but havin...
Vincent Donato
Can I use a hard money loan to make a cash offer and then take out a mortgage after?
Friend of mine is trying to purchase a home on Long Island, New York. He is overbidding by an insane amount and still losing properties, usually to cash offers.I haven't done research into this for personal real estat...
Scott Thompson
FHA Relocation Within First Year
I am looking at purchasing my first property in the near future using an FHA loan, but have a question regarding the requirement to occupy the home for the first year. I am on a rotational program at my company whe...
Omar Jarrah
DTI Calculations PLEASE HELP
I am having problems qualifying for mortgages and HELOCS. Everyone says my DTI is too high. I currently carry about 11k in mortgages and they are all covered with rents plus cash flow of about15%(this includes my prim...
Noah Chiero
New investor looking to purchase out of state
Hello Everyone,My name is Noah and I currently reside in San Diego. I'm still in the research phase but I'm looking to pick up my first SFH property out of state. I'm hoping to connect with other California investors...
Matt Owens
Is investing out of Market smart for a new investor?
I am interested in some markets outside of mine. I live in the Northeast and deals are certainly tough to come by right now. Naturally, that has led me into looking at some different markets. The Philadelphia, Savanna...
Chris Burke
Convert Primary Mortgage to DSCR on rental property?
I have a rental property that used to be our primary residence. We used a HELOC on that property for a down payment and some renovations ($285k) on our now current primary residence.Our rental property has a 2.99% rat...
Rachel Jane
Rent or sell
First post, no idea what I’m doing, lolMy grandfather passed away and left me his condo, which is fully paid off (and located in a seniors residence) It’s worth approx $500,000 (CAD). Rent I could probably collect $20...
Beau Alesi
Looking to buy
Hi so we have one primary residence with about 400k equity and a rental property what about 300K equity. Each mortgage we have about 250k left on. I'm 50 years old and my wife is 44 and we have a 4-year-old. My wife w...
Mike Biewer
Early Termination of Fixed Term Tenancy: Portland, OR
Hi there, I've been a part of BP for about 6 months now and this is my first post. The hosts always say to post questions and you'll get answers. So here we go!I have a rental house that a lovely young couple moved in...