Shayne Garcia
House Hack Help Finance Questions
Hey BP family! Question from a newbie here. Recently I purchased my first investment property by way of using a HELOC on my existing home to finance the cost to purchase a second home that I am now living in. I have ...
Michael Blakeney
BRRRR refinancing w/o seasoning
We are in the greater Philadelphia area. Closed on first two BRRRR deals- looking for lender , any recommendations of someone who can do lower loan amounts without seasoning.Bought two properties cash in October 2018....
Lance Anderson
Bank sees Carryover losses seen as liability in refinancing
Currently have 3 rentals carrying legit losses on my tax return for a number of years now. I understand that this will be useful when I sell, in order to reduce my capital gains tax. It also reduces my AGI from my 9-5...
James McCreary
Renting vs. Househack in Dallas, Request for Advice
Hello BP Community!This is my very first post, so I hope this generates some momentum on my end to begin becoming active on here. After some research on my part, I’d like to solicit the feedback of more experienced fo...
Soraya Welch
Multi Family Financing Clarification
Is it true that 6 months of mortgage payments is needed as an emergency fund before the closing of your loan on a multi-family property? If so, is there any way around this requirement? Is this requirement for every l...
Justin Gottuso
Private money lenders advice please!
Hey 👋 I’m looking into private Monday lending options. The rates on being quoted are 5% interest. Seems like a much quicker process than conventional loans since funding is in 3 to 5 days. No property appraisals requi...
Jodi Marsh
Lender recommendation anyone?
I am having a really hard time finding a lender that will lend on 5 doors; I am looking for a 90% or more LTC fix and flip, ideally. I have good credit and its an undervalued property. Any i have found that advertize ...
Sean Bramble
Seller psychology/ offer strategy
I’ve heard David mention tidbits here and there about how experienced agents will approach the offer process in different ways than less experienced agents. Seems he’s really just saying there are ways to create psych...
Rajul Vora
DSCR loan, how do lenders estimate income for Rent-by-Room on Mid-term rental (SFR)
Considering buying a single-family unit for mid-term rental to traveling nurses, etc. Each room will be rented separately.How will lenders determine net income for calculating DSCR (ratio)? An LTR estimate will be muc...
Adam Ramsey
AirBNB Financing Possible?
I've been toying with getting into AirBNB's. Has anyone had success securing a loan through a bank/CU for a purely AirBNB investment?I know my W2 income is not enough to buy a standard single family home/condo investm...