Barbara S.
Elderly tenant in NYC
I am in NYC, have an elderly tenant that should be in a nursing home but refuses to go. He is alone, no family and a handful of friends that check in on him occasionally. I have been trying to get him social service...
Vinnie Da silva
DSCR ( Debt Service Coverage Ratio ) - Investor Loan
As an investor and lender, I see that a lot of people are not familiar with DSCR loan. Its a great program, specially self-employed people, which often find it difficult to get qualified for a mortgage. So I decided t...
David Roberts
Interesting heloc question
My girlfriend and I bought a home together in 2010. Got a great deal. Now we have about 100k equity in the house. My girlfriend is on the mortgage but we are on the deed to the house together. Iso it possible for m...
John Perry
Financing for Builder - New Development in Nevada
We started flipping many years back and migrated into building new homes. We have built 30+ homes buying individual lots and typically have 3-5 in progress at a time and have sold most before they are finished. Fo...
Blair G.
CRE investing from a Vet's perspective
Howdy BP Vets,This is not a sales pitch. My name is Red and I am a CRE Broker in Jacksonville, FL. I got here after spending years doing SFR buy and holds and a flips at the various duty stations where my family and ...
Chris McDaniel
How to verify income and job history for self employed tenant?
Ok, so I have this potential tenant who seems at first glance to have strong financials but he is self employed. He didn’t seem to have anything to hide, but when I asked for proof of income, he showed me a bank state...
Landon Elscott
$0 Down - Bank didn't laugh at me!!!
So, recently my wife and I made an offer on our first income producing property. It was something that we had been wanting to do for a long period of time, but in April of 2013 we had a baby and between medical b...
Murphy Frankhouser
5% Down Duplex Financing
I'm buying a duplex in Louisville KY as an owner occupant. I understood that 4 units or less Owner Occupied could get lower down payments on the property. I am not finding this to be the case. I make too much to quali...
Account Closed
Financing multiple properties to buy and hold
I talked to my friend the other day and he told me his landlord owns 230 properties. I understand if your a millionaire it would be quite easy to attain such an amount as that. But if you weren't a millionaire, is ...
Cesar Lopez
Hard money, yay or nay?
I am currently in the process of buying two homes in Northern NJ and am financing through a hard money lender. Is it custom to pay an application fee of close to $1000 per loan? Are there any suggestions of lenders ...