Do lenders typically use net or gross rental income when calculating DTI?
Hello!We were just hit with, what I feel is, an exorbitant tax prep bill of $1850. It's a new LLC with just one NNN rental income source. This cost equals 5.5% of our gross income for the year (nearly 2/3rds of one m...
Why Correction Not Crash
There have been a lot of talks on whether or not the housing market is primed for a correction or crash. This is my opinion as to why I believe we will see a correction not a crash.
I think ...
I stumbled across several lots in rural Michigan (near Alpena) across the street from Lake Huron and down the road from another large sports lake, that are priced around $1,500. For that price I wouldn't be opposed to...
Hello all,I am 27 years old, currently employed as a System Administrator at a medical facility in Ocala, Fl. I am looking to begin investing with a multifamily home(preferably 3-4 units) in the area using an FHA loan...
I'm just starting out in REI and live about 3 hours from St. Louis and 1.5 hours from Springfield, MO. I'm a former real estate agent and I'm now working on getting my license in Missouri. I'm going to be wholesalin...
Hi BP - Going back and forth about this and wondering what other investors would do with a previous primary residence. I just purchased a different home to move into that needs work, so I'm hoping to build up some swe...
Hey everyone, I'm exploring the idea of a 3-year ARM mortgage with 15% down vs a conventional fixed year mortgage for a longer-term buy and hold investment property. The rationale for considering the ARM is that, give...
Well, it is official. I've completed the on-line coursework (talk about painful), passed the Realtor exam, passed the state exam, and now just need to pick a broker! I'm excited to make some calls monday morning.
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I'm brand new to this website and just happen to find it over the weekend searching/reading articles on the internet and it seems like an awesome website and form, so I'm looking for some general advice. This is my...