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I want to purchase a 10 unit apartment building using an FHA loan. My DTI ratio is above 57%, but the rent I receive on the property will easily cover my mortgage payment. Is there a debt product or workaround anyone ...
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How the TILA-RESPA Integrated Disclosure (TRID) “Know Before You Owe” law is going to affect investors?
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I'm looking for advice on selecting a bank to fulfill my personal and business needs in the metro Detroit area. I would like to be able to easily transfer funds from a personal account to my LLC's business account ...
hey guys! need some advice.I have owned a triplex for about 2 years now. I got in when interest rates were great but i took variable and unfortunately the rates have gone up and my monthly payments have gone up almost...
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Hi,I have been going back and forth with a variety of banks and credit unions about possible loans. I want to operate out of my LLC and since I am brand new to property flipping it has been difficult. So far I have ha...
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Hey there BP! Hope all has been well! I believe I'd like to start practicing on analyzing deals just so I can really get used to that part of things. How do you guys suggest I go about that? Do I just pick a listing s...
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A property with two mortgages is coming up for sheriff sale. The second mortgage, which is a construction loan (and twice the amount of the first) is foreclosing on the property. I was under the assumption that the fi...
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My wife and I are looking into purchasing our first home. We have recently been introduced to BiggerPockets. We are eager to try the principles taught in this community. It seems we can't find a property that fits the...
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Here's the situation and I need advice to bring to the table within the next few days. Myself, my brother and my father in-law have decided to form an LLC and flip houses. why? I have a full time job but a lot of f...
Hello BP Community, Please allow me to introduce myself and to say thank you to each and everyone member for helping me discover a way to escape the ball and chain of having to spend life in a cubicle.My name is D'An...