Hi all! I'm a long time BP lurker and as one of my 2nd half of the year goals I told myself I would be more active on BP. Being an introvert I have to play to my strengths and BP is a way for me to connect to more lik...
Alright...that is all done and I can move on...phew..
So heres how the deal broke down.
I paid 162K for the property
Spent 33K on the rehab which took 8 weeks.
Closing, holding, and closing again cost a total of 16K.
...
Hi folks, I have a DTI of around 30% and I'm wondering if the higher your DTI the lower of a mortgage you'll be able to qualify for? For instance if I were to be right at the upper DTI limit for a given lender, would ...
Hi all, I'm a new real estate investor out of Colorado Springs and I just acquired a duplex a few months back. The property was a SFH that was legally converted into a duplex some time ago and we knew when we bought t...
Greetings BiggerPocketers,My name is Collyn and I am from good ole Buffalo, New York. I am relatively new to real estate having only worked in the field for a few months but have been taking more steps as of late. I ...
Not sure if this the right forum but here goes. I have funds in an SD401K vehicle. The challenge is using those funds strategically. For example of somebody had 150K they might use financing to buy a 10 unit apa...
I have an opportunity to purchase a multi family property from my landlord. He has owned the property for 30 years. I went to him a few months ago just to get a feel for if he would be interested in selling to me. I t...
Hi All-Does anyone have any experience (or worked with any lenders) where the Seller takes on a 2nd mortgage as part of the down payment amount? For example, buying a $4M property that normally requires 25% ($1M) dow...
Hello BiggerPockets Nation, @Joshua Dorkin should address everyone on this site as part of "the BP nation". Like an elite national citizenship of it's own. Anyways, speaking of elites, I'd like to speak more to people...
I just closed (8/18/15) on my first ever investment property which happens to be my first house as well. I bought a Triplex and plan on living in one of the units and renting out the other two. My father who has helpe...