Hello Folks,I am a newbie in Los Angeles, and this is my very first post! I awoke to the concept of REI a few months ago, discovered BP for a little over a month, became a pro a couple of weeks ago, have been reading,...
Hello BP!I am looking to implement the BRRRR strategy but I do have some questions. I have read multiple forums about other investors using future rental income to qualify for loans, I am wondering if it's possible to...
Hello, I'm Brandy! My long term goal is to be an investor, but as a beginner, I'd really like to start a new career in the RE world at least. (I'm currently working in healthcare.) I would like to still make an annual...
I am just about ready to pull the trigger on an occupied Auction.com property and while I hope for the best I would like to prepare for the worst. Would love to hear others experiences whether good, bad, or ugly and a...
What is the legal definition of full time residency once you’ve purchased a property under an FHA or conventional loan? Does it differ from bank to bank in regards to the conventional aspect? Would 178 days out of a y...
Hi Guys,How do underwriters calculate a HELOC on the DTI calculation during a 10-yr draw period?1) Do they include the actual Interest-Only payment reported on the Credit Report?2) Or do they term out/fully amortize t...
Hello folks! I have a question about getting a mortgage underwritten as a newly self-employed person.I recently decided to leave corporate hell and started a one-man, one-owner corporation. I pay myself a base W2 inco...
hello, first post here. I'm in a somewhat unique position. I currently own a home and pre approved for a HELOC of 60k. I don't make a ton of money on the books or in general but I hustle when I can and should have aro...
Hello!Enlisted USAF guy here. I'm stationed in Northern VA, but my home state is in TX. I've got 2 rentals in Fort Walton Beach, working on 3 SFR in Houston, TX, and also paying a mortgage in Chantilly, VA.Does anyo...