Have any of you come across FHA’s supposed rule that you can’t buy a 2-4 unit property if the unit you plan to owner occupy is significantly smaller than the residence you currently own or are moving from? What are th...

Hi everyone. I've been in contact with a hard money lender and their information says that they direct deposit the loan amount into my account. I hadn't heard this before and wanted to know if this is common practice ...

Hello everyone, 
My name is Haris and I am new to this forum and community. A wealth of knowledge on here from what I've recently gathered and glad to be a part of it to collaborate or assist. I am a local mortgage b...

Sooo... most HML will tell you (it’s in my interest that your deal works out) which sounds good and fairly legitimate given that if the flip doesn’t sell after rehab they probably don’t get paid timely and have to jum...

Hi BP!I'm new to REI and I'm working with a seasoned investor on a SFR flip so I can learn more. I am putting up about $50k into the flip as a silent partner and he said he's putting up about $30k into the flip. The o...

I recently used a personal HELOC to purchase a flip house then rehabbed and sold the house. I decided to use a 1031 exchange for the tax advantages and our accountant told us we can’t use any of the proceeds to pay ...

Hello guys, we plan to take cash out refinance from one of our houses that are paid off ( no mortgage) and then 1031 exchange sale.  
Appraisal for our house value $ 200,000
Step # 1 - Cash out refinance $ 140,000
...

Do you need an LLC to report business expenses when filing taxes?This is a question I have had for a while, have researched and talked to a few people about it, but I can't seem to get a straight answer on. I even con...

Hey all, the more I learn the more I realize I know nothing! On my 3rd flip thanks to the help of this site. So, thank you for any reply!My daughter is now attending private school - 7th grade, and to my knowledge, in...

Considering two options for an upcoming sale. Back story - I made a purchase of a SFR back in February for $5,500 (not a typo) that required significant renovation. I put it back on the market for $17,500 and just rec...