All Forum Posts by: Christian Roberts

Hey BP family! 

I want to use creative financing on my next deal. A common objection I hear when speaking to sellers is that they'd love to sell to me subject to but it will affect their DTI when they go to buy a new house. Is there a way to remove the mortgage from their DTI once I take it over? Any help on this would be greatly appreciated! Thank you!

Hey everyone! I’m filling out the rental license application and I can’t get past this page. Do I have to wait for the document I uploaded to be accepted before it lets me move on? 

The house I bought is turnkey and I can put down 25%. Are most investors in this situation just getting conventional loans and then getting an umbrella insurance policy to protect themselves? Or are they getting conventional loans and then moving the mortgage into the LLC despite the due on sale clause?? I just don't understand how I can use my LLC to my advantage if I'm buying smaller single family deals unless I pay higher interest for a different loan product that will allow an LLC. Thank you all for your input I'm really trying to work this out in my head because it doesn't make sense to me.

Hey BP family! 

I just got my first rental property right outside of Port Richmond. I close on December 15th. Very excited to begin this journey! However, I really want the mortgage to be under my LLC instead of my personal name. Do you know any lenders that will do this? I have a lender currently. So worst case I use him and get an umbrella policy but I'm much more interested in putting this house in my LLC. Any info would be greatly appreciated! Thanks!

The feedback has been great here thank you guys! 

Thanks @Dan Powers! I’m seeing more property in Fishtown tomorrow. The last house I offered on I got outbid. But it’s all good I’m going to keep making offers until I finally get one accepted! 

@Eric Greenberg @Alex Uman and @Paul S. thanks for your advice! 

I would like to invest in the Fishtown area of Philadelphia and I was wondering if anyone had experience with the eviction process here (or anywhere in Philly for that matter). What’s the experience like? What can I do to prepare myself for this inevitable situation? I’m from Bucks County. Would it make more sense to just invest there from a legal perspective? I hear evictions in Bucks County aren’t as bad. Any info is greatly appreciated!!

Hey guys thanks for responding! I actually passed on the manayunk house it was too expensive. I found a much smaller house in Fishtown that I’m checking out tomorrow!! I’ll definitely reach out if it needs a lot of work @Rich O'Neill thanks 👍🏻👍🏻

Hey BP family! I’m going to Manayunk tomorrow to see a property that I’m interested in BRRRRing. It’s a 2240 square foot single family that can be converted to a duplex. Does anybody know a few great contractors in this area that I can reach out to for bids? Thanks in advance!