All Forum Posts by: Ryan Hall

Try Shawn Tetens with Geneva. (817)881-8535

thank you very much. he also said that there is not a traditional owner occ 5%down on a 4plex. Does anyone know if thats true?

Thanks for asking Rene. I am talking about the salesperson.

My rental property's post-hurricane-damage repair costs (beyond insurance payout) resulted in large expense deductions and an unusually low taxable income.

The loan originator reviewed my 2019 taxes, and said that despite my excellent credit score and gross income, I would not be able to get any loan because of the low taxable income for 2019.

I would like to speak with an investor friendly bank agent about steps I can take to close on a fourplex with a traditional owner occ 5% down... or any other ideas.

I have an equity line that I am looking to put to work ASAP. Any input and/or ideas are appreciated

Hi, 

Do you know of a solution? Thanks for taking the time to see if you might. I have yet to find the path beyond the following obstacle:

My rental property's post-hurricane-damage repair costs (beyond insurance payout) resulted in large expense deductions and an unusually low taxable income. 

The loan originator reviewed my 2019 taxes, and said that despite my excellent credit score and gross income, I would not be able to get any loan because of the low taxable income for 2019. 

I would like to speak with an investor friendly bank agent about steps I can take to close on a fourplex with a traditional owner occ 5% down... or any other ideas. 

I have an equity line that I am looking to put to work ASAP. Any input and/or ideas are appreciated

Which software is best for AirBnB analysis?

Can anyone tell me how to find the airBnb calculator? Im not sure if it has been removed or what. It isn't in the tools>calcs>other calcs. It seems to just be general air information on that page. thanks

How can I purchase a 5-8 multi without 25% down?

I could get 25% down if I use equity from a Heloc. 

My concern is this: when the commercial lender sees a new heloc; Will it cause problems for qualification on the multifamily loan?

I.e. reduced DTI?

Thanks for your response. I have been advised that by paying for the new roof out of pocket, I would divide the total payout by 2, and then not have enough for the interior damages that the property has suffered from the affects of the roof damage.  Of course, paying for a new roof out of pocket has some obvious drawbacks as well. Time is of the essence. I'd rather not get into litigation. Any ideas for spurring the action of the insurance company into providing the scope of work?

This is regarding a tenant occupied property that has needed a new roof for 6.5 months (hurricane Michael). 

The public adjuster has been working on this for me for five months to expedite the payout. The public adjusters have now mentioned that I should consider legal action against the insurance company who continue to tell us that [X particular task] needing completion for progress toward payout should be done "by the end of the week". At which point we get the run-around, and then the next task by the next particular week. 

How should I proceed to get them to pay?  

Any input is appreciated .. thanks in advance