Zoe Lee
tenant with massive loans
We are looking at an applicant with massive loans (130k student loan and it's a low paying major). The "estimated monthly payment" listed on the credit report is however less than 1k. Is this estimate accurate? Or I'm...
Account Closed
Which state to locate LLC?
We currently live in Oregon, we have 2 single family rental properties located in Arkansas, we're looking to purchase our 3rd property in Indiana. Our 2 current rentals are under our own name, but we are planning on s...
Karen G
How to get into wholesaling
How do you get started in wholesaling? My credit isn't the best. I am in the process of repairing and that will take at least 18 months. But i do not want to wait that long. How can I find the financing available to a...
Christopher Murphy
Austin Lender Recommendations
Hi All,I have a partner looking to get pre-approved in Austin. Can we get a few lenders that those in the market can recommend that they had a good experience with? How many should he get pre-approved with...5 at leas...
Paul Brower
Looking to connect and gain more insight into BRRRR in Chicagoland
Hi all,I'm new to the BRRRR method but knowledgeable having done a fair amount of research for the past year.I'm hoping to find opportunities in Chicago (hopefully the northwest suburbs) and looking for incredible peo...
N/A N/A
Are my calculations correct ?
Hello,
These are made up figures. I just want to see if I am calculating this correctly. Any advice/opinions are welcome.
Thank you.
Bought for 280,000
20% down payment = $56,000 ( $280,000 x 20% = $56,000 )
lo...
Daniel Chen
Question regarding LLCs for my rentals
Hello everyone,I already setup a new LLC for several properties that was rented as our family investment property. I have not yet done with filing the quit claim deed but I talked to my lender and they are okay with i...
Cisco Hood
Why is my lender saying im supposed to occupy for 2 yrs
Hey bp! I talked to the lender who I got me my 5% down Owner occupy conventional loan and he is under the impression that I need to occupy the home for 2years before I can rent the property. After our conversation I l...
Matthew Law
Using a personal loan to purchase real estate
I was hoping to find someone else who has done this, but I haven't seen any posts.
I'm buying a cheap property to fix and hold, maybe BRRRR in the end. I'm still waiting on quotes from contractors, but the initial c...
Bradley Padula
1st Cash out Refi = Success!!
Hi Bigger Pockets! First post on the forums here!I just completed my first cash-out refi of a SFH I bought June 2016 in the suburbs of MA, cashing out $61,000. Financials Purchased foreclosed: $220,000 - PITI $1385/m...