Hello Everyone,My wife and I both work and we own 3 properties. We show rental income on our taxes, so we are a 3 income family. We are debt free except for our mortgages. Yet our biggest issue to get a new conventi...
Hello all, I'm a newbie who just signed up looking for some financial advice.I'm a single person, aged 43, who recently bought a new home in the CA Bay Area putting 20% down left with a mortgage of 720K. My mortgage p...
I have a lot to go through so I'll get going with the facts1) I own two residences, 1 investment and 1 primary.2) Investment:Purchase Date: 6/2013Purchased as primary, converted to rental 9/2016Purchase Price: 370KP&a...
Talk to a lender and learn the rules of qualifying for a mortgage
You need to learn the rules that underwriters follow to be able to qualify for a mortgage. Once you learn the rules you can develop a plan to fit the...
Hey BP,Long post, thanks in advance to whoever sticks it out and reads it through!Background info- 1.Fiancé and I want to build wealth through real estate2.We look into purchasing our first home as a duplex in 20173.J...
I might get a job offer soon in East Hartford, CT. However, i would be relocating from Massachusetts. I am gonna rent first then house hack later when my job is stable. However, looking through zillow, the rent for 1 ...
Hello, I am new to a real estate investment. I’ve run some numbers with a current real estate listing, but it seems hard to find a house with positive cash flow. Even if I found one, the cash on cash return is very sm...
I’m looking for advice from more experienced investors.
I own a rental property free and clear and I’m looking for my next one. My issue is that I do not have tax returns to get another loan for my next property, but...
BP,
Hows everyone doing? I’m in need of help rather quickly.
Background:
I’ve placed an offer on a 3-1 single family property in Georgia. I’m looking for creative financing to fund the property’s down payment. The d...
I own a free and clear home that I want to renovate and sell. If I get a HELOC or HEL, I believe I have to homestead the house before applying for the loan which means waiting until Jan 1st. I don't know that those ar...