John Johnson
Family Help with Down Payment - Terms
Hi All,My wife and I just found an amazing deal. We've been scouring deals for ~2 years now and this is the first one that meets my personal requirements (ie. cash flow >$100/mo/unit and 4 units). However, my wif...
Kenny Tran
Need some tips on a 1031 exchange
2 questions:1. Does your 1031 exchange have to cover the whole down payment of a property? For example if my profit from a sale is 50k but I need 100k for a down payment for the next property can I bring in the remain...
Jenna Goldstein
How Much of of a Mortgage Can I Get?
What income is counted for a mortgage? And how much could I get? Say, if our income is $300 a month?Or $2,000?Thank you!
Marcus Daniels
When is doing a cash out refinance not the best route to take?
Hello all,I am in the process of doing a cash out refinance. In this process, I would be losing $200 of cashflow to pull out roughly $35K. The property would still be cashflow positive with the lose of the $200. A y...
Jermaine Williams
21 Unit Deal w/ SDIRA and Joint Venture
I recently transferred my Traditional IRA to a SD IRA Custodian. I haven't invested with it yet and this would be my first deal under IRA. I have an opportunity to go into a J/V on a 21 Unit apartment deal. The num...
Travis Doyle
Torn over pooling money from friends and family
Hey guys!My current partner currently owns 90 units, all multi-fam. He is currently passing up deals because we no longer have any capital. We created a private placement fund and am about to starting asking friends a...
Aaron Coughlin
How to purchase 4th property
Hello BPers!
I currently have 2 long term rentals and 1 short term rental that are all doing great and I’m trying to figure out how to acquire my fourth property. Two long term rentals bring in $800 profit a month ea...
Ryan Taylor
Is this a guidline of all lenders...
Straight to the point...HELOC on my primary...want to use some of it to purchase a new primary...I have not drawn any of the funds and deposited in my bank account...my question is...can I not use these "untapped" fun...
Sam Parkinson
Pay off student debt or save to invest?
I'm new to the BP community! Learned a ton so far. My wife and I are a young couple looking to get started in the real estate investing game. Meanwhile, since September of 2017, we've been aggressively paying down ...
Keith W.
Seeking Creative Financing Solution
During the real estate debacle a few years back, I fell victim to getting a loan modification workout understanding the terms. Maybe not a victim because I still own my house, but sort of because now I know there were...