Jeffrey Tallie
LLC On Househacking A FourPlex
I was wondering if I should purchase a Fourplex with a LLC I plan on house hacking for tax purposes if this is my first investment property and how much of my monthly rental income i should put back for taxes. I live ...
Eric Batte
Resort cabin financing
Hi,I’ve got a potential deal I’m working on that may allow me to put multiple prefab cabins on the lot for short-term rentals. Each modular will cost approximately $210k and generate $30-40k/yr in revenue. Lot would b...
Owen Thornton
Raising Debt, loans, and seller financing.
Hello! I was curious if any of you have raised debt to purchase a property before? Personally, I find it much more attractive than raising equity. I was thinking about raising debt for smaller properties, up to 100k. ...
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Any credit-building tips for Foreign Nationals?
I've recently moved to the US, and am having a hard time finding a lender that will lend to Foreign Nationals. I've found plenty of deals, but have no credit history (as opposed to credit score)
What's a fast-track a...
Henry Offiah
Help Understand lines of credit and Business LOC
Hi BP, im in need of some advice/coaching.I spoke to a private lender today about getting a LOC, during our conversation he recommended that i look into the following product he hasa 0% business loc for the first 9-1...
Casey Karbowski
Creative Financing for 3-4 Unit in Illinois
Hi, I love this site and have a question I really hope others can help with.First, there are a lot of multi-families in my area with really solid cash flow characteristics. I keep trying to get one of my retired relat...
Tim Ball
Line of credit vs. hard money: which is better?
I am very familiar with hard money but I am not certain exactly how lines of credit are set up. If you are able to secure a line of credit, and you are looking to purchase buy-and-hold properties, would that be a bet...
Nick G.
Cash out LTV on primary in NY
Hey Mortgage Pro's, What LTV are lenders offering now on a cash out refi for a primary owner occupied in NY? Specifically in Westchester county. Also what's the average seasoning time to refi?Thanks!
Devon Preyer
Is private lending a good idea in my case?
Hello Everyone,My wife and I recently finished our first live in flip and, thanks to covid, where able to walk away with a little over 100k in profit. We relocated back to the bay area with family and decided to both ...
David Beard
Conventional Mtg 'Delayed Financing' Rule Success?
I was curious if anyone has completed a conventional mortgage under the "delayed financing" rule that came out last year, and if so, with what bank or lender?
This rule allows you to do a cash out refinance inside 6 ...