Kelly Stanton
DSCR Loan Help
We purchased a property that we rehabbed in the last 3 months and are looking to refinance to get out of our 10.5% hard money loan. The property was purchased through a LLC so a conventional loan isn't an option for u...
John Lewis
Owner of property deceased with no will
Maybe someone can clear this up for me a little bit. I've been doing some searching but it's still a little hazy. There is a property I'm interested in that has been abandoned for a few years now. A childhood frien...
Account Closed
House hacking - VA vs Conventional Loan
Hi all!I'm curious about the difference between VA loan and conventional loan when it comes to house hacking in a 3 or 4 plex. I'm more interested in the actual act of borrowing, not so much the numbers involved with ...
Derek Horn
100k income in 7.5 years
So a buddy of mine introduced me to this site a few months ago and I have been reading and trying to educate myself ever sense. It’s honestly a little overwhelming so I figured I would finally post and seek out some a...
Rafiq Merchant
Need advice on Personal guarantee requirement for Commercial loan
Hi all,I am an RE investor in the Houston area, with two SFR properties and they are both rented out returning decent cash flow per month. Last year I became part of an investment group whose primary goal is to acquir...
Account Closed
buy with cash and then refinance, or just finance right away?
which is the better option, assuming you have the cash? what advantages do you get from buying with cash and then refinancing after?i'm mainly interested in this approach because, from what i've read, it allows you to...
Dave Mazza
Condo rental property
Does anyone have any experience with purchasing and renting out a condo? I am looking at buying one for 74k, 1700 taxes, 175/m HOA fee, and I would get 850/m rent with a tenant already in place. I would need to put ...
Craig Anderson
Purchase nothing down, balloon payment
Hi there, I need some help structuring a deal and figuring out my COC. There's a property that I'm negotiating with the owner on seller financing. Here's the deal presented at the moment:$600K purchase price, Nothing...
Brian Gibbons
My 4000th post - Creative Financing do's and dont's
Every time I make a milestone BiggerPockets I do a really long post. This is my 4000 post so I thought that I would do a do's and dont's on creative financing--------Definition of creative financing is how can the sel...
Frank Watts
Servicing Companies wiping out 100% DTI in 1 year -Pace Morby Pod
Hi, I heard Pace Morby on BP Podcast talk about wiping a person's DTI 100% after 1 year simply by using a servicing company. This scenario would be if I took over a mortgage via subject to and the seller would not hav...