Hi BP, we plan to buy a property in cash and want to consider Brrrr feasibility thereafter. If we were to do a cash out refinance of that property is approval of the refinance income dependent (on our jobs/rental inco...
So in short, I wanted to make an offer on a property sooner than later. I had asked the lender (by phone call and email) I had worked with recently for a refinance. After waiting approx. 1.5 days without a reply, I as...
I currently have two properties, one i rent out and the other I live in (I plan on renting it out). I plan on moving to Reno NV next year and my family and I plan on buying another house using the VA loan.
My questi...
I’ve heard that the federal government has set a limit of 10 mortagages per person. My question is on loophole in that limit. If someone is married would the husband be able to get 10 in his name, 10 in the spouses na...
So I have been thinking about the new tax law and its implications on our fix & flip predominated real estate investment business. Much of the existing information from the pundits will tell you an LLC (taxed eith...
Built my first 4plex. Currently shopping for the permanent financing. I mentioned to the loan officer that I believe the building will be worth $700,000 and I want a loan for $500,000. He asked what I owe on the co...
AZ Flippers, how are you analyzing deals in the current market? What is a good deal to you these times? How much are you accounting for when it comes to the market shifting and listing a flip 3-6 months down the road?...
I am new here and have been dragging my feet in getting started investing in real estate. However, I've made a goal to purchase a property this year, so joined BP and have been analyzing properties.I see there are pro...
Hi guysI am doing a BRRR deal in Sacramento ca. my loan officer tells me that when I refinance the loan it will have to be 75/25 LTV. Is this information accurate? Is there an alternative solution to this where I can ...
Folks - I have a primary home and two vehicles. In addition I own a rental property in Memphis, TN. I am now in need of an umbrella policy. I live in NJ. I am getting the feedback that both home and auto needs to be w...