Hi everyone, happy Monday. Has anyone had any luck finding a lender who would finance 80% of the PP, out of LLC, based on projected STR income? Or using existing properties as comps? TIA.
Hello guys Im new and Ive been reading for a while within 5 hrs. Most of the suggestions here isto join a local network, how do I find them? Im in Fremont, CA but I can drive around bayarea and sanfrancisco
Im self e...
Hi BP!I know typically lenders want verifiable employment for at least 2 years to qualify for a loan. If you lost your job, and then gain new employment at a higher salary within the same industry a few months later d...
Hey BP,So I started reading the VA Home Lenders handbook since it's kind of required that I know that as being a loan officer and all as well as catering to military families,I found some interesting stuff. I actually...
I've been reading a lot about using a self-directed 401(k) to help with funds for a buy & hold rental property. There are a few things I'm a little confused about. 1.) Everything I'm reading says you can use a "se...
Hello,
Finally getting around to making my first post. My name is Randy Ferguson. I have been married to my wife, Michelle for almost 25 years. We have two children, a son 22 and a daughter 17. I have been a...
Hey everyone, I have a 401k from a previous employer that I was planning on moving into a self directed IRA. I just was wondering if you are allowed to borrow on margin with it? I'm sure every place is different but I...
Hello all! I currently have 2 single family rentals but am looking to delve in to fix and flipping as a way to supplement or hopefully replace my W2 income. I have 2 questions as it relates to taxes for fix and flippi...
Hi everyone, this is my first post after reading the forums for quite some time. I've been trying to get into the rental business for a couple years, but I've never been able to get approved for a loan. I'm self emplo...
I have been reading (scouring) the forum on SDIRA/SDIRA-LLC/SOLO-401K information, and am absolutely confused! And the more I read, the more cautious I am getting!So what is the real deal on these setups? Do I need t...