Ryan VanPatten
When can I use rental income for a new loan?
Hi,I have a townhome that I live in and rent additional rooms. Can I use this income as part of my income when I apply for another loan? I bought it in Augusut 2012, so the two year mark is right around the corner.I...
Soh Tanaka
The idea of starting a low-cost Property Management Company
I had a chance to review a few property management companies in a short period of time, and it made me wonder why they charge so much. Typically the monthly charge was between 8%-10% of the rent. If you rent is $1,000...
Rikard Lorén
Bank loan, the longer, the better ?
Hello !
So i'm just playing with the though:
If I'm going to focus on multifamily-apartments, MANY, so i will not just buy one, I want to maximum the cashflow and buy more properties so I get more money, ...
Andrew Galeano
Private money question
Hey everyone,So im currently thinking of putting a single family property under contract. Here are the numbersPurchase Price: $155,000Rehab: $70,000Arv: 325,000I recently House hacked my first property in New Jersey. ...
Nate Bailey
Help listing a turnkey sfh with a renter
Initial post, sorry if it’s been covered somewhere that I couldn’t find... Does anyone have pointers/advice for selling a rented house that’s out of state? I was thinking about Redfin or MilbyOwner. Not sure if anyon...
Bob D.
Potential BRRR on Two Family - First Deal
I found a two family property on Homepath--it's currently in the lockup period but asking price is $325k and it needs some work (TBD on $$). Similar two families are worth over $400k ARV. If rentable, it would gross a...
Dionne Ladson
Private vs. Hard Money
Is private lending more cost effective and flexible than hard money lenders?
Sam Leon
Equipment breakdown endorsement coverage
Can someone help explain to me what an equipment breakdown coverage is? I mean I Googled it and read it and still am unsure what it really is.We own a condo unit in a small building of 8 units. There is an HOA. The...
Account Closed
ROTC Cadet looking ahead at Quadplex (Arlington, TX)
My very first post on Bigger Pockets. Been reading books and listening to the BP Podcast like crazy. I've recently gotten a serving job, and in my first month have put away $2,200 in savings ranging from my IRA to my ...
Simon Aristizabal
FHA with another loan as a downpayment
Hello,I have been a member of BP for a few months already. I have read tons of books. But I have yet to jump in and actually buy a property.From all I have read and heard on podcasts etc, I realized that perhaps an FH...