Take Myid
Getting a Real Estate Loan on LLC
Need your guidance and thoughts of getting bank or credit union loan for rental residences in NJ.During the last 1 year, My partners and I have purchased 4 town homes(via llc) with cash and loans from friends in NJ....
Cristina Gonzalez
IHDA and other down payment assistance programs
Hi guys! Has anyone here had experience with down payment assistance programs or more specifically, IHDA (Illinois Housing Department Authority)loans? Most of the lenders in my network have not done any of these progr...
Dina Abbott
Creative financing or had money lender?
I have $130 k in equity in my primary residence and $50 k in equity in my first an only investment property. Do I need to get a hard money lender to purchase another investment property or is there a creative form of ...
Wade Stahle
Mortgage or HELOC on all cash deal?
I have an interesting question i'd like to get some opinions on. I just built a duplex out of pocket (all cash) and am going to move into one side and rent out the other. I want to take the cash back out. Which would ...
Sal Mazzone
Need help with a lending situation
BP community-I'm in a bit of a situation. I'll try to keep it as simple as possible:I'm in contract on a duplex that will be a buy and hold rental. Partnering with two other individuals, creating an LLC, and obtaining...
Andrew Johnson
Experience buying a duplex as primary residence not living there?
Hi everyone,Anyone have experience with buying a duplex as your primary residence but not actually living there and renting it out? Contrary to living in one side and renting out the other? Legality of it, tax implica...
Frank Rubino
1031 on two family house
Here's my situation:I purchased a two-family house in 2016 and lived in unit 1, while renting out unit 2. Then in February of this year, I moved, and started renting out unit 1 as well.I want to sell the house and avo...
Sean Tatarian
Investing - Starting with Primary Residence purchase - thoughts?
Long time BP follower, first post! Finally getting started with the process of my first investment.Background:-Near $100K saved up-Have a great full time job I will keep-Plan is to own multiple rental properties in n...
Corey M.
Cash out refi VS new loan for rental property
Hi,I have about $340k of equity in my home that I'd like to put to work. I'm currently paying 3.625% interest on a 30 year fixed, and am considering taking out $250k in equity, which would likely be at a similar inter...
Sharee Mason
Financing the first "investment" property
All of my previous investments have been financed as primary residences, because I lived in them first and then moved and rented. This time around I am wanting to purchase an investment using a loan (I have always us...