Francisco Hernandez
Residential to Commercial Property?
Hello All,I was wondering if there are any rules stopping me from turning a residential property (4 units) into a commercial property (6 units) after acquiring a conventional loan. The property is a fixer upper with 1...
Dong Yan
how much coverage do I need for the property which has tremendos upgrade
Hello,I am curious to know how much coverage shall I purchase for a new primary residence I am purchasing. the house has almost 300K upgrade? which section of the home owner insurance will cover the house upgrade?Is t...
Raymond Cardenas
401k loan for down payment?
I have a question, thanks in advance for the help! I read from multiple sources that a general purpose 401k loan will not show up on a home loan application. It won’t affect your debt-to-income ratio and won’t affect ...
Shaun Sullivan
DTI for rental property when primary residence loan is 5/1 ARM
I know when calculating DTI for a 5/1 ARM loan on a primary residence, they add 2% to the rate. When trying to get a subsequent loan for a rental property, would they just use the actual PITI from the primary home lo...
Travis Beehler
Portfolio lender vs. commercial lender?
Hey guys!Is there anyone out there who can tell me the difference between a portfolio lender and a commercial lender who'll finance a single family home?Most portfolio lenders I've seen ask for your standard 25% down,...
Kyle Ingram
"The Book on Rental Property Investing" Book Q&A - Chapter 3
"The Book on Rental Property Investing" by Brandon TurnerChapter-by-chapter Q&A BoardCHAPTER 3 - Four Sample PlansPlease include page numbers in all comments for reference.
Richard Andrade
LLC Cash Out Refi Tax Question
Hello! I have a scenario, I wonder if someone with tax skills can help me figure out. Here's the hypothetical:An LLC with 2 members owns $2 million in fully-paid residential real estate assets. No mortgages. The LLC w...
Richard Jr Caicedo
Using VA loan for house hacking!
How is it going BP. So I come to you guys for some more advice. At first I was set on doing some fix and flips in Northern NJ but now I am set on the idea of using the va loan for house hacking. I think I have a prett...
Ryan Auber
Seeking funding methods for newly self employed
Hello BP Community!I am seeking different loans / funding methods I could get approved for to fund more deals. Last year until the end of 2021, I had a W2 job and had stable income, had no issues getting loans. I st...
Allen Zhu
Rental Real Estate Loans
Non QM Loans VS Portfolio Loan I’m a business owner, I don’t have much w-2 history so banks and credit unions always reject me. I want to get into real estate investing which loans have the best rates and terms that c...