Tim Lee
Deduction/depreciation and DTI
Hi,I recently heard that investors may not want to take too many deductions because that will affect their DTI and the ability to get loans. Can someone explain this in greater detail? Thank you!!
Account Closed
FHA Guidelines- What makes a home not qualify for an FHA Loan?
Hi everyone,I just got my first listing as a real estate broker and I noticed some homes around the area don't qualify for FHA financing. The home I listed is in livable condition, it has newer windows, hardwood floor...
Siva N.
Find the property & get the loan or vice versa?
Hi all, Newbie question. I am actively looking for a rental property and would like to know if I should get the mortgate pre-approved or find the right property and get the loan. Looks like some of the sellers are i...
Austin Eilers
Cash out refinancing out of a seller finance note
Hello BP fam! I'm curious if anyone can provide any input on my first deal here! I bought this deal by owner financing 5k down with a balloon of 50k after a year. He owned the home free and clear and I am now the deed...
Chaim Rosenstadt
Over seas US investing
HiWe live in the middle east, and for a few years, we have been wanting to invest in real estate in the US. We have no previous experience what so ever.The local market is way over priced, with most properties costing...
Greg Scully
Shopping Rates for SFR Investments
I've just been preapproved for another SFR conventional loan (my 3rd, all with the same lender). The quoted preapproval is 5.750% with and approximate APR of 6.200%. I'm not too impressed with this, my previous loan...
David M.
Lease option question
Hello investors,During a lease option, should I already have the tenant buyer in place beforehand? What does a mortgage broker charge to facilitate getting the tenant buyer qualified to purchase when the option is due...
Jonathan Ramsuchit
Self employment income
Hey guys!
How difficult can it be for a bank to approve me if a majority of my income is self employment income( non real-estate)? I have a Part-time job for the past 2 years that I wont give up until 2015 be...
Brian Sanchez
Leaving money in a deal
What factors should I co spider when leaving money in a BRRRR deal? When I look at the overall cash on cash ROI and equity I’m building it seems minimal and worth it. However, I ideally want to leave little to no mon...
Angelo Revercomb
Getting a Duplex on a FHA loan?
Hey!I wanted to reach out and see if anyone had any experience getting a multifamily unit using an FHA loan.Specifically,1) How does the process work? 2) Do you find a property and pitch the “idea” to a bank?3) How do...