Seung Won Lee
Buying a 2nd home and renting out
Hi BiggerPockets community,First of all, we are newbies currently living in LA. My wife and I bought our first property (primary) back in June 2020 in LA.We are now thinking of buying another property as a 2nd home in...
Mike Allen
New to Real Estate, Looking for detailed advice
*** I just read the rules and see that it says no requests for mentors. I am not sure if what I have asked for here counts as that, so please feel free to delete the post if it violates that rule. I AM asking for help...
Phillip Rosin
Weighing a personal purchase - Worried about DTI
Hello and thank you in advance for your time!I currently have two duplexes (living in one unit currently) and work a full time w2 job in tech. Credit score hovers around 800. Only non-real estate debt is student loan ...
Gabe Goudreau
Understanding Internal Rate of Return
Hey BP Community,
Recently I've been trying to wrap my head around what exactly IRR is, and how to compute when underwriting a deal. From my understanding, it is the rate of return that an investment offers based on...
John Kurtis
Am I wrong or is my loan officer?
I got into a debate with a loan officer from my mortgage company on the phone. He wants me to refinance my FHA loan with 3.5% interest and 148$ Mortgage insurance premium, To a conventional loan with the same but mayb...
HJ Wang
solo 401k adding spouse to etrade individual 401k
Hello, I have a single member llc and plan to hire my spouse as w2 employee so she can contribute to solo 401k. Right now I have my solo 401k set up at Etrade. I asked me to add my spouse to the plan but they say she ...
Tanim J B.
How to review smartmove income suggestions
Howdy, a newbie question.
was trying to verify 3x income requirement. Got application using smartmove where it says income as xx but paystubs show different? Should we consider pay stubs as source of truth?
Also app...
Hannah McBee
Which Mortgage would u choose?
Hi, I'll be househacking my 1st duplex this year. I have 2 options for a mortgage and I'll like to know which one you'd choose in my situation. It's a buy and hold long-term and we plan to buy another property to hous...
Gina Russoniello Tiwari
New Member from NJ, Strong ties to NC, International interests
Hello Bigger Pockets forum :)I'm excited to be a new member of such a prolific group! My husband introduced me to the Bigger Pockets podcast and we have been listening for around a year and are finally ready to get st...
Danny Leyva
Is driving for dollars completely pointless?
I've seen people on this Wholesaling forum replying to questions and many of them have a philosophy when it comes to wholesaling. The philosophy is that this is a numbers game and that you need as much data as possibl...