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I'll try to keep this short, my wife and I bought our first home(parent co-borrower since I'm self employed) in August 2020 in Dallas TX. Bought for $247k, current value is around $325k+. My wife goes to school and I ...
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My wife and I currently own a two family home and live in the first floor apartment. The second apartment is rented. The basement is completely renovated brand new. Our goal is to move out and buy a single family hom...
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Mortgage Update: Outlook is not good. The economy continues to shudder to a halt. As I write, lower manhattan looks like a ghost town. My coffee shop typically turns about $1,000/day. As of 15 minutes ago, Carlos had ...
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Hi there! my name is Evelyn. I am 22 yrs old (will be 23 in a couple of months). I am from Homestead, Fl and I would like to start investing in real estate. I work part-time but I am looking for another job that pays ...
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Good afternoon. I may be interested in setting up a self directed IRA for rental property investing, but I have questions. In particular I'm looking for a way to use SD IRA money to buy and rehab properties and then...
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Hi there! My name is Justin, my girlfriends name is Ilana. We live in the New York, We're in our mid 20's & want to start real estate investing! :) We're nervous & excited! If there's anyone near us doing the ...
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All these "approval in 5 minutes" lenders online for HELOCS that offer 13% interest rates.........Is this the going rate for a HELOC?? They all seem to have the same application software that does a soft credit pull a...
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Scenario:
An SDIRA owns a property.
The beneficiary of the IRA wants me to loan money to the IRA so that the property can be rehabbed.
My understanding is that the loan to the IRA has to be non-recourse.
My unders...
Hello BG I currently own 3 rental properties in my area but have paid for all 3 in cash. I’ve been researching and it seems like I could be doing a lot better through financing. I have plenty of cash on sidelines for ...
TL;DR: My DTI is too high to qualify for another mortage. What are some options?
My goal this year is to get into a second house hack! BUT I would also like to retain the home I am currently living in as a rental. Th...