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Results (10,000+)
Michael Nguyen New to real estate. Should I create an LLC? How difficult is lending options?
21 November 2024 | 16 replies
You can certainly buy the property in the name of the LLC but you'll have to use a DSCR product which will have an interest rate that's 1% higher than conventional. 
Brandon Ja Scaling with newer homes
21 November 2024 | 8 replies
Is there a combination of lending products and tactics you see that can make it possible to refinance after possibly 2 years and get out a large enough portion of funds to use towards the downpayment on another property?
Nolan Ring 3/3 lenders have no idea about FHA loans
21 November 2024 | 10 replies
Another way is to switch your product from 30 year fixed to a 5/1 ARM so now you're taking program or financial risk to arrive at a lower rate such that you can pass this FHA SS rule (5/1 ARM FHA has a lower rate by up to .50% than the 30 year product typically).
Stephen Hood Advice on selling to access equity
20 November 2024 | 6 replies
It depends on the lender but at a min they must follow TX SML or lending laws in the state in order to compliantly lend in TX, on whether choose to apply this guideline to all types of occupancies or transaction types (non owner investment, second homes/primary residences, etc)80-85LTV on rental properties is only on the purchase for fannie/freddie loans but on rate term refinances its max 80% and cash out max 75% for 1 unit and up to 70% for 2-4 unit cash out conventional.On HELOC's and rentals are up to 70-75% depending on the HELOC investor or product.Its good to distinguish between what the lenders are willing to do and for which product and also these loan products must abide my state law as well as an additiona layer of "overlays," on top as well (whichever is worst / most conservative).
Saint Kyle Purchasing under $30k
20 November 2024 | 25 replies
Quote from @Saint Kyle: Here's an examplelooking for rehab funding on a triplex in youngstown, oharv $130k rehab $70kdo you know of a bank that's willing to loan on a product like this?
Rene Hosman Wanting to learn from a pro how to invest and earn income flipping houses?
20 November 2024 | 3 replies
No matter which format you plan to read you'll get all of the bonus content abovePre-order now to get the bonus offer: https://store.biggerpockets.com/products/the-house-flipping-...Photo of James with a copy of the book, text saying "Last chance to pre-order" and a "buy now" button
Johnny Smith Best way to take advantage of tax losses when you make over 150.
19 November 2024 | 12 replies
Once you have REPS the distinction between passive income (or losses) and active income (W2) disappears and all those tax losses you have been banking can be applied to the W2.Good luck
Jared Appel New to Chicago and Real Estate, Lets Go!
19 November 2024 | 20 replies
Great tools that get updated regularly.I am on the lending side of things and would be happy to hop on a call with you anytime to discuss financial strategies and help answer any questions you may have about nearly any loan product available to help you on your journey, even if they are not products my capital partners offer.We are all here to help you learn and grow.
Alexander Williams New member alert!
18 November 2024 | 9 replies
It's a great starter book for the financial foundations of real estate investing: https://store.biggerpockets.com/products/set-for-life-revise...I would also recommend Small and Mighty by Chad Carson: https://store.biggerpockets.com/products/small-and-mighty-re...Real Estate Rookie: https://store.biggerpockets.com/products/real-estate-rookieHouse Hacking: https://store.biggerpockets.com/products/the-house-hacking-s...
Marjorie Deprez Cash Purchase with Refinance
19 November 2024 | 8 replies
The timeline depends on the product you use to do your refinance back out (after buying all cash with no liens).