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Results (10000)
Karan More 2nd Home purchase but DTI is already 43%
21 September 2022 | 13 replies

Hello guys, I purchased a townhouse last year and planning to take another property this year. Plan is to shift in new home as primary residence and make 1st home as rental. Already my DTI is 43% as per my gross month...

Patrick Moore Fha live in strictness
3 December 2016 | 12 replies

In order to get an FHA loan you must live in the property for a year. If you get a non family member to cosign for you, they also must live in the property.

My question is this, how strict are they? Do they check up...

Mannie Ijeh Newbie and eager to learn.
7 May 2016 | 11 replies

Hello friends!I am new to the BP community. I've been a non-active member since registration and that's because I needed to realigned somethings to allow me to get ready and focus. Now that's done. Yay!!! So been read...

Trina Pugmire 1031 exchange? Sell triplex after only 6 months of owning it?
10 October 2017 | 6 replies

We purchased our triplex in April of this year for $260,000, we put $41,000 into it for the remodel. Our plan was to live in one unit (house hack) for 2-3 years and then rent out all three units for the cash flow aft...

Jim Macedon Question About DTI Ratio
26 June 2020 | 4 replies

I have a condo development project I'm trying to get financed in the Austin, TX area. I'm running into two problems. The first is that the two banks I've talked to so far are looking at my own personal finances for ...

Fe Kelly Borrow from 401k?
20 June 2016 | 7 replies

So my husband and I have a little chunk of money in our 401k as well as some money saved. We plan to house hack our first purchase with the BRRRR method. Should we borrow from our 401k to make up the rest of the down ...

Brian Collins Getting around Sched. E to use rental income to boost DTI
5 February 2017 | 8 replies

Hello BP,I have recently been trying to pre-qualify for a mortgage on a second home. I want to find a way to get around the requirement of having rental income on Schedule E for 2 years in order to use it as income to...

Lisa P. Ready to invest
26 July 2014 | 11 replies

I found Bigger Pockets about 4 days ago and have made it through 25 podcasts so far and I am pumped!  We bought Carleton Sheets, took classes and have read numerous real estate books and this is the first time I truly...

Will Quinn Converting Rental to Home California
5 July 2024 | 3 replies

We are looking at purchasing a home and renting it out in an area that we want to live in eventually in the Tahoe area. We have a good apartment in socal in an area close to wife’s parents and looking to have children...

Robert F. Do I need an umbrella policy??
11 June 2024 | 8 replies

I am a first-time home buyer. The property is a duplex and it will be my primary residence once tenants clear out. The current landlord is giving lease termination notice before I close I plan to rent the upstairs apa...