Alana Higgins
Current rent makes DTI too high for conv. loan on investment prop
I live/work in Los Angeles, CA and want to purchase a SFR investment property in the Inland Empire (1-2 miles east of LA). This is my first home purchase and I'm having trouble qualifying for a conventional loan with ...
Kim Rock
What would be good seller financing terms on this property?
Whenever I see a good investment property I ask if the seller will hold the note.. Most times the answer is no, but a recent agent just told me to propose a plan to him and he'd see if his client would have interest....
Jeremy Mattson
(2) 4 Unit Buildings - [Calc Review] Help me analyze this deal
There are (2) 4 Unit buildings I am looking at and they seem to be amazing prices (240K each). Even purchasing them at their listed price, they seem to Cash flow very well. I'm meeting today with a lender to see how w...
Matt Lawrence
Which option do you see fitting best?
I have 3 options to use as my down payment towards my next SFR.
HELOC from my primary home, which I initially leaned towards thanks to David Van Horn's opinion, with a 5.5% variable rate & I believe paid back ov...
Bob Faulk
Online rent collection without big fees?
Does anyone know of a good online rent payment portal I can utilize for my tenants but that doesn't have big fees?
Any pointers would be great as well
Jorge Leon
Insurance quote too high?
Hi y'all, we are buying a 4 unit investment in Chicago for 430k, conventional loan with 30% down. I just got quoted minimum coverage from state farm for a $900,000, is this common?. Monthly payment is $450, more than ...
Grace Lerner
NYC Rent Stabilized Multifamily - Is it worth it?
Hi everyone! Question for my NYC investors out there -Is buying a multifamily building that is currently rent stabilized (not rent controlled) worth it as a long term buy&hold?I'm working a lead right now that wou...
Dallas Martin
Section 8 Housing Authority Paid Rent to Previous Owner
I purchased a six unit apartment building in June 2017. The building had one existing section 8 tenant with a second section 8 tenant to begin renting on July 1. Immediately after closing, I contacted the housing au...
Michael V Akbar
Advise on how to determine the percentage of profit
This is my first post on Bigger Pockets. A friend of mine, who has done few flips, and I have had some preliminary discussions on helping him with funding of his next flip. I am thinking that what I am expecting as...
Cooper Raines
New stimulus bill & SBA Loans
When I first saw this, I believed it to be to good to be true. Included in the new stimulus is a clause that has been enhanced since the last stimulus. The long and short of it is that the government will pay for a po...