
5 May 2024 | 2 replies
Can we ask the lender about converting this to a rental?

7 May 2024 | 2 replies
I'm curious about how they are able to convert your business credit cards into a cash line of credit while avoiding the high balance transfer interest rates.

7 May 2024 | 4 replies
Even if the intent is to convert this into a rental upon grandma's passing, you still would like the step-up in basis unless you plan of lifetime of 1031 / 721 exchanges.

6 May 2024 | 8 replies
Hi,Need some expert inputs if it’s worth the investment needed to convert my current property to mid term/ STR with fully furnished.I have a property right opposite to UT Arlington .

7 May 2024 | 3 replies
And here's the dirty secret than lenders will not tell you: the lender who you get the construction loan from DOES NOT have to be the lender you convert with.

6 May 2024 | 2 replies
Called out the ground around the house for not falling 6 inches in 10 feet.

6 May 2024 | 5 replies
LLC #1 (convert to s-corp once turning a 40K/yr profit as recommended by CPA) for a flipping business.LLC#2,3,4+ for Buy/Hold business (opening up new LLC after the previous reaches 1M in equity or property is in a new state)Parent/Holding Company - to own all LLCs or just multiple Buy/Hold LLCs as they are formed?
6 May 2024 | 1 reply
If I use my FHA loan, after a year of living in the household, can I convert my FHA to my LLC and still reap the benefits of that 3.5% down payment?

10 May 2024 | 116 replies
If I have to pay for a child's college tuition bill of $50,000 I can't do that with the equity, I'd have to convert that equity to cash.

7 May 2024 | 9 replies
I've included an example below to help illustrate this.So different lenders have different rates (which do vary even for DSCR loans) but these are factors they all consider.See example below:DSCR < 1Principal + Interest = $1,700Taxes = $350, Insurance = $100, Association Dues = $50Total PITIA = $2200Rent = $2000DSCR = Rent/PITIA = 2000/2200 = 0.91Since the DSCR is 0.91, we know the expenses are greater than the income of the property.DSCR >1Principal + Interest = $1,500Taxes = $250, Insurance = $100, Association Dues = $25Total PITIA = $1875 Rent = $2300DSCR = Rent/PITIA = 2300/1875 = 1.23There are 30 year fixed terms and other options such as 40 year with 10 year interest only converting to a 30 year fully amortizing loan.