Derrick Thomas
Veteran living in Orlando
Good day BP community. I'm looking to invest in the Orlando area. I have no debt, great credit score, never use my VA benefits and a first time home buyer. I want to purchase one property to live in and one as an inv...
Zack Thiesen
Impact of Credit Score on Refinancing with BRRRR
I have a property in California I've owned for 3 years currently in the sale process and looking to net around 120k after closing costs. I am younger and a carpenter by trade looking to get into BRRRR'ing out of state...
Jenny Scott
Cash out options for 5th rental property?
Hi all, I have been thinking about to cash out a rental property, but not sure how to start. (I am total newbie). The reason is that I want to POSSIBLELY(so I may not buy if no good deal) buy a new rental. Let's say I...
Bradley Dosch
Second House Hack Reflection
Investment Info:
Single-family residence buy & hold investment.
Purchase price: $490,000
Cash invested: $30,000
This was my second house hack and first property in Wa state. I actually never en...
Christian Koepnick
Lending Options for First Time Rental Property Investor
New to the Property Investment space but learning more every day. I am looking for any positive and negative experiences, or preferences regarding financing first property. Does DSCR Loan make sense or standard mortga...
Account Closed
First RE purchase at the top of the Market?
According to a Forbes article I recently read "5 Signs your real estate market is a bubble"... My conclusion is that many markets may currently be in a Bubble (and therefore it makes sense for me to wait it out for my...
Joe Kern
Loan with wife vs alone
Hello all ! Just got pre approval for an investment property , and am curious what the pros /cons would be id I added my wife to this as well? Also - I currently have an FHA on my primary which she is NOT on. Can she ...
Aram V.
Portfolio Loan: Cash-Out Refinance?
Hello BP Peeps! I'm a newbie to real estate investing and would appreciate any knowledge you can share. I bought a single family and duplex in the past few months and would like to apply for a Portfolio Loan: Cash-Out...
Adam Ramsey
AirBNB Financing Possible?
I've been toying with getting into AirBNB's. Has anyone had success securing a loan through a bank/CU for a purely AirBNB investment?I know my W2 income is not enough to buy a standard single family home/condo investm...
Eric Knapp
Understanding DTI requirements
It is my understanding that to qualify for a conventional mortgage, banks generally have a 28/36 DTI limit, where front-end value of 28% is based on PITI, and back-end value of 36% based on total revolving debt.
Firs...