Joshua Manier
HELOC for 2 unit investment property in Chicago, IL
14 January 2025 | 5 replies
Great rental income, strong FICO, low LTV (60% or below), strong liquidity and PFS.
Melanie Baldridge
Did you know this about Gas Stations?
14 January 2025 | 2 replies
They are always leased here even for the corporate stations where they have a convenience store, a Popeyes or the like and a car wash.
James Mc Ree
Does a dedicated shed qualify for a home office?
8 January 2025 | 0 replies
I have a 10x8 shed that I use exclusively to store real estate materials and supplies.
Bob Asad
How do you prevent co-mingling of funds?
7 January 2025 | 24 replies
I would venture to say very few landlords correctly hold their deposits based on local landlord/tenant law but as long as the money doesn't walk away and is not wrongly withheld from tenants its highly unlikely wrongfully storing the funds will become problematic.
Pierre Tran
Advice Needed: Options to Cash Out My Equity Without Disrupting a Seller Carry Deal
13 January 2025 | 1 reply
Some ideas I've considered:Equity Buyout: Having another investor or my partner buy out my 40% equity.Seller Financing: Selling my equity and offering seller financing to the buyer.Selling the Property: Liquidating the property entirely and splitting the proceeds.Does anyone have experience with situations like this?
Zach Howard
Financing options for non-US citizens
2 January 2025 | 21 replies
Quote from @Zach Howard: Quote from @Brandon Croucier: Quote from @Zach Howard: Quote from @Brandon Croucier: Hi Zach,There’s plenty of options to acquire realestate in the states.Your income does not matter as much as your liquid capital for a down payment, for foreign investors we are looking at 30-35% down payment on DSCR loans.
John Friendas
Maximum # of DSCR Loans Lenders Will Give?
9 January 2025 | 8 replies
Each DSCR loan is separate and qualifies separately, so one doesn't necessarily affect the other except for the liquidity needed to close since you'll have multiple down payments/closing costs for each transaction.
Bianca Rodrigues
Partial Seller Financing Question
9 January 2025 | 5 replies
There are two, one bedroom apartments on the second floor and first floor is currently being used as a convenience store.
Elvon Bowman
First time acquisition
13 January 2025 | 11 replies
Unless you're working with Private Money that is going to carry the risk of your lack of experience, banks want to see experience, Net Worth and liquidity after close to consider the terms.I started with single family, four plexes, and remodel flips for a lot of years before getting into larger deals.
Roman Stefaniw
Arms length Mortgages/Private Lending
14 January 2025 | 15 replies
B2B Bank had just introduced liquidity requirements which seemed to indicate they really did not want to be providing that service.TD was the last of the Big Five to offer the ability to write and hold arm's length mortgages.