Ketan Parekh
Line of Credit with a 2nd Deed
3 March 2020 | 2 replies
Hey Ketan, I can't really help you with your question, but just out of curiosity, why do you want a line of credit on your investment properties instead of getting a business line of credit that is unsecured and not tied to an asset?
Raj Singh
Refinancing a NNN building
9 March 2020 | 3 replies
A C corp I own owns a NNN lease with 7.6 years remaining to a regional dental provider.
Chris Harrison
BRRRR using TURNKEY Multifamily
4 March 2020 | 7 replies
For instance, back in 2017 I bought a vacant 4-plex, rehabbed it, rented it, and could have pulled more than I put in, but I chose to keep a little debt on it, because I wanted the cash flow to remain high.
Jimmy Kim
FINAL OFFERS DUE TONIGHT!
3 March 2020 | 4 replies
I have the cash to go all in but I prefer to finance so I don't tie up my cash that way.
Bill Ramsour
Use rental losses against other income?
6 March 2020 | 7 replies
I have always assumed that this means if I make say 40K at my W-2 job and have a lot of rentals which with depreciation (or say a Cost Segregation Study) show a loss of 50K I can take my taxable income down to $0 and then actually down to a -10K, but if those losses were 80K, I could only go down to -25K, and then the remaining 15K would have to be carried forward.
Susan Tan
Should I negotiate purchase price even after inspection?
6 March 2020 | 5 replies
The price of the property will likely remain the same but you can request credits or items be fixed prior to closing assuming proper contingencies are in place.
Renzo D.
Occupancy Requirements for IRRRL
14 August 2020 | 7 replies
Generally speaking this is tied to streamlined refi for government backed loans (VA, FHA, USDA), where you can refi an existing loan into a lower rate without much hassle.I think what you are referring to is refi from a VA into a conventional (Fannie/Freddie) loan to free up your VA benefit.
Tianyi Chen
Question:Sue tenant for unpaid balance
8 March 2020 | 2 replies
I asked her to sign an agreement of early termination and paid all the remaining balance minus deposit by 3/31/2020 or I will reach out to collection company.
Kris Markham
HELOC on a Multifamily Property in San Diego
3 March 2020 | 1 reply
I live in San Diego and have significant equity tied up in a 4-unit multi family investment property.
Brian Knotts
1031 exchange question
4 March 2020 | 4 replies
If purchasing an existing lease it's the remaining term that needs to qualify (must have 30 years or more left), not the original lease.