Jennifer Muhler
Rental property income to qualify for loans - Question!
Hi there,We've got one investment property now (seller financing) and we're looking to expand, so exploring what we can qualify for with a conventional loan.For the existing property, we put quite a bit of money into ...
Roseann Koefoed
Outrageous Water Bills
I'm under contract to buy 32-units in the southwest suburbs of Chicago (by far my biggest purchase). This particular town is pulling water from an adjacent river and the resultant water bills are off the charts, almo...
Account Closed
How can a seller get out of a hostage listing agreement?
I had a seller call me yesterday wanting me to buy his house. The house is already listed with a realtor and the realtor hasn't shown the house once in the two months it has been listed. The price has already been dro...
Nathan Herber
Solo 401/SD IRA, vs Cash Out, vs Whole Life Insurance
Hi Bigger Pockets Community! Merry Christmas and Happy New Year to you and your family.
So, I am going down the rabbit hole of researching moving my 401k and my wife's 403b from a former employer to a Solo 401k and...
Charles Schmidt
Does a DSCR loan affect your personal credit and DTI ratio?
I have been shopping around for lenders for a 20% down DSCR loan for a new short term rental property. One of them told me that if I close the loan directly into an LLC (which he confirmed they can do), then it won't ...
Fabricio Negri
First Flip in the US
First Flip in the US – Florida - Success Hello colleague’s investors,I’m writing to describe our first flip in the US. We purchase the property on Nov/16 and sold on May/17. The numbers were: Purchase: 65,000 Reha...
Shawn Clark
LLC Profit Splitting - Unbrella LLC vs. 1 for Each Property
I will be investing with two other partners. We have already decided how we will handle the first deal. Partner #1 will provide all funds and be a silent investor for 50% profit/loss. Partner # 2 & 3 will handle e...
Suzanne Chan
Appliance Shortage in Cleveland
Hi I am furnishing my triplex in Cleveland and there is an appliance shortage. Many are on back-order and even the scratch and dent places have limited stock. I spoke with my contractor and he mentioned that for his r...
Bill P.
Our plan of action
I've been involved with real estate investing in some capacity for about 30 years. Even when I ran my multi-state public accounting firm, I still dabbled in buying and selling single family homes. Of course, life was ...
Cody Kauzlarich
Difficult finding investment property in Des Moines, IA
My wife and I are attempting to find a flip in Des Moines, IA to build capital for a buy and hold. We have made a few offers but have been unable to reach terms on any properties. We've been looking for about 6 weeks ...