All Forum Posts by: Dustin Miller

I thought about it but I was trying to go conventional for the lower rate and longer mortgage plus I was told I would still have to co-sign the loan as a new LLC does not have a credit score. I have had rentals for less than 2 years so the bank couldn't use it as income towards my loan anyways

@David M.

Yeah I thought so. I keep hearing that you are allowed 10 houses before you have to go commercial. Thank you for the response. I even talked to the one credit union about refinancing one of the houses I have as interest rates are so low and she told me I had to go commercial as I was using it as a rental

Hopefully someone can help. I am in Northern Indiana and want to buy another rental. My only other two rentals were bought as primary residences and later turned to rentals so they have 30 year conventional loans on them. I have excellent credit score and debt to income ratio. Local Banks and credit unions are telling me I have to do a commercial loan at around 5% and only a 15-20 year mortgage to buy this other house as it is an investment. I have been listening to podcasts and they are talking about 30 year conventional loans on their rental houses and even refinancing into a 30 year conventional loan. How do you get a 30 year conventional loan on a rental if you are not house hacking or it is not your second home??

Looking for recommendations for CPA or Tax consultant in the St Joseph/Elkhart county in Indiana. My tax situation has changed drastically in the last year as I just retired military, got a good paying day job and became a landlord. Need professional advice on how to properly maximize taxes and help ensure I prepare financially for future expansion in real estate. I emailed a few I found online in February but have not had anyone call me back or even return my email. With everything going on in the world I gave my search a breather but now is time to start again. I am a pretty smart person but I want to ensure I am doing everything right and would like some professional help with it. Was hoping someone on here would have some good recommendations.