
30 March 2024 | 8 replies
Conventional financing does allow for closing in an LLC, but you can with nonQM loans, like DSCR as some people have mentioned.

29 March 2024 | 12 replies
If you click it, it does a pull out and talks about how it works and allows you to do the settings.
29 March 2024 | 4 replies
We informed them ahead of signing of the breeds we don’t allow.

29 March 2024 | 7 replies
It's a great way to increase your net worth and these loans can also be used to pull cash out of a property as it appreciates allowing you to reinvest money into new deals.Happy to connect to discuss further.

29 March 2024 | 7 replies
This is allowed once per 12 months per taxpayer.

29 March 2024 | 11 replies
The max Uncle Sam allows is 50k if you haven't taken a TSP loan in the last year.I've seen both good and bad experiences with this but at the end of the day it's no different from any other type of loan, you are just your own bank in a sense.The downside or risk is that you lose your job, your property isn't cash flowing, are unable to pay back the loan, and your retirement account suffers since the loan essentially turns into a withdrawal.The upside or best case is you have the loan for less than a year, your BRRRR pays off the loan, and you pay yourself interest 5% interest.The opportunity cost is if the stock market goes up 20% and you were only paying yourself 5% interest you'll miss out on the excess returns.

29 March 2024 | 9 replies
That's because Fannie/Freddie allow lenders to put rules OVER their own guidelines.

29 March 2024 | 31 replies
Presumably the tenants payments would allow you to save a chunk towards the second tranche, if you will and you have that time to earn, borrow, etc. more cash separately. 6% is a very good rate right now so I’d sweeten the deal with a pre-payment penalty, say 3 years?

29 March 2024 | 1 reply
This is the main disadvantage of owning the property at the personal levelForeign investors are generally subject to an estate tax rate of up to 40% on the property’s value above the allowed exemption of $60,000.

29 March 2024 | 7 replies
This will allow you give a reference point on how much potential rent you can receive.