Good afternoon BP members I contacted quicken loans and was told they only due 1-2 FHA loans.I understand that 3-4units is also allowed under FHA.

I have been using a Rich Dad Cash on cash return on investment excel sheet - but it doesn't allow for extended yearly projections with renovations and increases in rent. 

Anyways, most of the time, banks will NOT allow money from an Unsecured Line of Credit to qualify as the Money Down needed for closing a deal. 

Let us be the buffer between you and allow us a chance to overcome any of their objections.2.  

"You" put your taxed earnings into a plan that will allow withdrawals to be free of federal tax and in some cases state tax when the money is taken out to pay for qualified college expenses.

Always remember to do the math analysis on prospective properties and try to look at them or at least before you make an offer or at least have a clause in the sales contract that allows you the inspection time (about 15 days) that is detailed and allows you to possibly back out of the deal without a penalty that will hurt you too much.

Funny thing is- almost all of the talk on BP is about cash flow- don't get me wrong, cash flow is great, but equity is what allows the "average" person to leverage and grow and truly become wealthy. 

We are brand new and are in the process of gathering all the data to arrive at our maximum total offer allowance.

My broker and title company will allow us to do the deal, but I want to make sure we get the cleanest language on the contract possible.

They allowed me to take out 50%.