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Hello BP, need of some help. I’m looking at a deal to do my first flip, the numbers are good. The property I can across is 58,000 and 50k in repairs and the ARV is around 150k from what I saw on Craigslist. I looked a...
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If you have a HELOC of $20,000 When a Lender goes to look at my DTI ....... How will they look at this, as far as it being a Debt/Expense to me and them factoring it into the DTI for me getting approved for the loan ?...
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Newbie investor into the Texas Market. (Worked previously in Asia)About me : 1. Owner of a house in full. 2. Currently have about 150k in bank savings at Bank of America.Who do you guys go to for bank loans? Big ba...
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Hey BiggerPockets Community!I hope everyone is having a great week! Currently, I am on the market for a 2nd home loan. My goal would be to utilize the property as required by the loan and rent the property out the oth...
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Hi everyone, I was just approved for the below loan for a 2 family investment property. I am trying to work out the numbers to see if I have a deal in the property I am looking at. I would love to get some advice from...
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First property i buy i wanted to renovate and live in it for a while before renting it. Should i buy cash? Im hearing its not such a great idea and that i should use that money to buy multiple properties with leverage...
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Hi everyone, I am in the hot market of Raleigh NC.We have flipped 7x, built 2x, and secured at least 10 mortgages over the years. Scenario: Looking at a 1 acre lot on a corner where we will develop a small townhome co...
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My husband and I are expected to build our first home spring of 2024.
1. If we get the general contractor to build the home through drywall, but we want to hire others to finish the inside. Loan wise, how can we do t...
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I did a search and was surprised that I did not find anything about this yet. Fannie Mae launched a new program called Homepath. Owner Occupants are required to put 3% down and Investors are 10%.
No PMI
Up to 6% selle...
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Hi,
I am looking to purchase my first home but my income has been very low for the past 2 years due to my line of work slowing down. I think I brought in 80k total between 2022/2023. I was using this time to learn ne...