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I'm currently looking into buying a duplex and the possibility of turning it into a triplex. It's in the Philadelphia area and I'm just curious on the proses and if anyone has had any experience with this before. Any ...
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Can you guys please chime in? My wife is concerned that my goal of purchasing one home per year over the next few years will prevent us from buying our own home (currently renters) in a couple of years when we move ba...
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Hi Guys and Gals. Hoping you can point me in the right direction-many questions. I am wanting to buy 2 single family homes using a conventional loan or 2. The two homes will be in different states. My plan is to hold ...
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I went from no credit with 2000$ available credit to a 750 credit score with 100k available credit in 2 years. I started 2 years ago with no credit and having a hard time getting 2 1000$ credit cards from my 2 banks. ...
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My understanding is R-X designation indicates residential where X is the number of dwelling units per acre allowed.I fully understand why a second dwelling unit could not be created on this R-1 zoned lot of about .6 a...
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Hello,I'm working on financing and buying my 1st property. I live in Oregon and am going to be purchasing in California where my son lives. He is a contractor.I was referred to a lender in Oregon who is friends with t...
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Hi All,Merry Christmas!I'm a British expat working in China and have been looking for a way to improve on the poor returns I've seen in China and Europe recently. Some US rental markets do look very attractive, such a...
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I was running some numbers and one thing confuses me.
I've read that banks only allow people to take on a mortgage 2-2.5x their income. Rental income is added at a 75% rate.
Doesn't this limit the size ...
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I’m around 40%ltv on my 7 unit portfolio at this point. (Four properties). I finally finished renovating the last unit and am currently at full capacity with all units having been renovated within the last three years...
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Earlier this year I was finally able to complete my first flip. The project was a phenomenal success and Bigger Pockets played a huge role in that. It was a major first step that I have wanted to take for some time an...