Rob Z.
Pay off car loan or pay off first rental??
Hey everyone, looking for some input. I have a car loan for 45k at 1.9% I also have my rental property note that is 46k at 5.2% I am in a position to pay off one, which would you pay off ?Side note, I'd love to get in...
Rachel H.
Rent to Tenants with Large Credit Card Debt?
Hi everyone. I have applicants (a professional couple in their thirties) to rent a single-family home I own. They seem like fine people - no reason to believe otherwise. Their combined income is 7x rent. Their credit ...
Account Closed
I have 10k to invest, Cant get a mortgage! What would you do?
Hello Everyone
For the past few months I have been unable to get a traditional mortgage with a bank for various reasons, I am honestly tired of it holding me back! I have decided to look for a property using seller f...
Ryan Long
Funding for 6 Unit Needed
I have a 6-unit complex under contract in Texas. Great financials. Prefer a DSCR program.Any recommendations?
Chris Stonestreet
Creative Financing ideas
Hey everyone,I am trying to work on “pitches” for some creative financing, specifically with approaching potential partners in real estate deals. I currently have one rental property and would like to scale but I’m li...
Malinda Cardel
Investing in Nashville and Chattanooga
Hello everyone! I am new to to the real estate realm and super stoked to be here! I was wondering what made investors out there start fixing and flipping houses and rental properties? What inspired you and how did the...
Jack Phillips
Need help with mortgages, liens, etc
So I have a hypothetical situation:
Lets say a properties ARV is $550k,
Repairs are $75k,
And Wholesale Fee is $10k.
Using the mao formula:
$550,000*80%-Repairs-Wholesale Fee = MAO of $355k
When I am making my...
Janice Reynolds
should i pay of credit cards or save my down payment
what is the best way to go, i have a 700 credit score my debt to income is 17% of my pay check but also have some credit card debt, should i pay of the credit cards or save the money to put towards my down payment
Luke Anderson
Tenant bankruptcy
Has anyone had a tenant declare chapter 7 bankruptcy before?
I had a former tenant that I was able to put out for not paying rent. I got a judgement for the past due rent and started a garnishment. She declared bank...
Martha Daisley
Leaving Spouse off the Mortgages to reduce DTI Ratio?
Hi guys
My husband and I own a couple of rental properties and the loans are in both our names. It occurred to me that having outstanding loans on multiple rental properties may negatively affect our debt to income ...