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I have scoured the BP blog and internet and have not been able to find a clear answer to a few questions I have regarding Debt to Income ratio, so what better place to ask than here! So here it goes!1) I have had a re...
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So I have 3 applicants (a brother and 2 sisters) who don't work but get SSI disability income. Rent for my property is $850/mo, and I am requiring 3x the monthly income, which is $2550/mo in income. Combining all 3...
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Hi,
First post here after reading amazing content by you guys.
I am thinking of assuming a mortgage by the owner in a city in NJ. The owner bought his house in 2002 with a normal interest rate but lat...
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Hi BP
We all had to start somewhere....most likely, a majority of us didn't get it right the first time.
1. What was your "tuition fee" into this business? (The deal/project that started it all)
2. How was it funde...
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Hello everyone!
I’m a single family investor who has always paid cash for my investment properties. My typical formula has been to spend 10-20k on the house, another 10-15k in repairs, rent ...
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Hi there.I'm just wanting to know if this is something that other investors might pursue. I have been using the BRRRR method this year with good success so far. Once refinanced, I have at least 20% equity in my 3 prop...
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Good afternoon BP! So I have bad news, if you read the title to this post, my mortgage loan for declined. I've been working with Movement Mortgage, and they send all my documents over to underwriters to get a pre-appr...
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Full Disclosure: I am a tenant in a property going through foreclosure, not a real estate investor. After searching on Google, then reading hundreds of posts here, I found this site to be the best authority and most ...
Hi all, Looking for advice on purchasing of a 2nd non performing.Note is for 4 bedroom , 3,000 sq feet miramar, florida, 33027.Note seems to me have partial equity.Property BPO $350,000First Mortgage is convensional. ...
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I've looked and looked and fought off scam after scam trying to find the ever elusive, "100% funding" company to partner with as a beginner. I already have a property under contract but do not have funds for a 10%-15%...