Wesley Robirds
Financing multifamily unit while occupying one unit
16 September 2017 | 9 replies
I have been going to local real estate clubs and reading several books on the topic and I too have been told that 75% of the income from the other unit can be applied to the debt-to-income ratio when applying for the loan.
Darryl Zuber
buying multi-unit property and borrowing money to purchase?
17 September 2017 | 5 replies
But I'm not sure the legal implications of this.
David K.
Mid size residential unit deal analysis
18 September 2017 | 3 replies
With 200k down the debt servicing would be $3,877 monthly.List price is 800k.
Kevin Branin
DelCo Seven Unit Flip
8 October 2017 | 11 replies
The deal has good Debt Coverage at 1.62 and it will cash flow at 19k/year.The building is partially rented (2 units - 2 Bdrm and a Studio) with one 2-Bdrm ready to go.
Kurt Jones
Transferring gains between 2 LLCs
16 September 2017 | 2 replies
One thought is to Quit Claim one of the sales into the other LLC just prior to the closing, but need to run that one by legal.
Nick Peraino
Newbie and 2% rule in my immediate neighborhood
24 September 2017 | 10 replies
If you are making mortgage payments then you are also buying down that debt a little each year too.
Joseph Bramante
What is stopping you from investing in multifamily?
30 September 2017 | 187 replies
If its a long term hold, you will refi with agency debt.
Benjamin West
AirBnB Stay Tax Deductible?
17 January 2018 | 4 replies
Unlike normal legal proceedings, you are guilty until you prove you are not.Additionally, this would be for YOUR travel only.
Carl Legg
Lowest Cost Solo 401K?
19 September 2017 | 5 replies
Alas, yes, I just need an IRS-legal plan, without hand-holding.
Andy Bailey
Paying off debt by next year, saving cash for REI
17 September 2017 | 2 replies
We are looking to be out of debt except for primary mortgage at our current residence by this time next year.