Jeff Brower
Lender wont count rental income in DTI if taxes are self filed?!
12 May 2020 | 6 replies
Tax laws have literally nothing to do with lending, DTI, approval, ect.
Jeff Plotkin
Insurance Company Cancelling 1 month after Close
9 May 2020 | 6 replies
The insurance company did not think it was a problem and approved me, then later changed their mind.
Ben M.
Best syndication structure for deals with long term debt
13 May 2020 | 11 replies
The plan is to stabilize rents and then place 10yr Freddie Mac SBL non-recourse debt on the properties.LLC Format: Manager Managed LLC.Financial decision rights: Sponsor handles all financial decisions, but requires investor approval for: property sales, refinancing.Operational decision rights: Sponsor handles all operational decisions, but requires investor approval for: signing any contracts with term over 1 year, any expenditure over $20,000.Any advice or critiques are welcome.
Trey Bonner
With so much info out there how are you filtering out the noise
11 May 2020 | 10 replies
Make sure you are approved for financing.The 20% down payment method.
James Eilerts
Mortgage + seller financed deal
11 May 2020 | 4 replies
@James EilertsThe lender (bank) in first position will ask where the balance of the $ is coming from and want to see it in your bank account 30 days prior to closing.If you are leveraging the balance they will not approve you especially in today’s world with lending tightening up.
Johnny Sung
1st time landlord: Thoughts on applicant
9 May 2020 | 7 replies
Maybe I am overthinking it but I am leaning towards approving them.
Reggie Rearden
Portfolio loan vs cash out refi-What would you do?
11 June 2020 | 11 replies
We’ve been approved for the portfolio loan.
Andrea Wilson
Investment Property Loans - Which banks offer HELOCs on rentals?
8 May 2020 | 5 replies
Received conditional approval, week ago Friday.
Brian Henderson
401k and Roth IRA to buy rentals
12 May 2020 | 7 replies
These IRAs, of course, must be held by an IRS-approved third-party administrator.
Jeff Cliff
Want to Xfer HSA account and invest the money in HSA account
9 July 2020 | 6 replies
You can withdrawal it tax free too by using it for approved medical expenses.