Anthony Caleca
Financing questions for new project
so the house right behind my primary residence went on fire Sunday and it is completely wrecked. The insurance company already ordered for the house to be demolished due to it being un safe and someone potentially goi...
Ravindra Sridhara
Financing Mulitple Properties
I am in contract selling one of my properties and would be doing a 1031 exchange using the proceeds from the sale. I have identified two properties that I want to purchase. I would use 1031 to put as downpayment for t...
Michelle Phimmasone
DSCR loan question and help
We are purchasing a beach condo STR purposes. Our broker had offered us these loan options:
20% down at 8.5% interest, $65000 down, $1999 monthly
25% down at 7.5% interest, $81500 down, $1704 monthly
We wanted to k...
Mushfiq S.
Solo 401k to Invest in Real Estate - Rollover Etrade?
Hi,I opened a Solo 401K via Etrade for my LLC in 2016 and deposited the IRS limit 18k + 25% of W2 income. Note that my LLC is not related to real estate. I thought I would use the 401K to invest actively in stocks, ho...
Ben Lukes
Paying debt with a business to improve personal DTI (episode 943)
In episode 943 of the podcast the guest, Jeff, said that if you pay your debts through a business account for 12 months, they will no longer apply to your personal debt-to-income ratio (DTI). Does that apply to conve...
Justin Hennig
Does a HELOC affect debt/income when applying for conventional loans?
Considering a HELOC on primary residence for further real estate investment purposes...would this affect a conventional property loan application since it is "secured debt" or mostly just affect credit scores?Any help...
Dylan H.
Lenders for sub $100k properties in MD
Title says it all. Who should I check with in MD, specifically in and around Allegany county? I know Wells Fargo lends down to $20k but their rates are also much higher than most banks. I am a member at PenFed and hav...
Jestin Sorenson
prospective tenants with high debt to income ratios
I have a couple applicants that are married with a newborn baby. She plans on staying home with the baby. They both have mid 700's on the smartmove application, which I think is really good. They both are college educ...
Eric Gutierrez
Using 401k Loan to Get to 20% Equity FHA
I got bored at work today and started taking a look at my options on my FHA loan.
Short background
I have an FHA loan on a duplex that I own. I paid $165k for it in 2011. My FHA MIP is just a hair unde...
D'Andre B.
Underwriting requesting closing disclosure from a previous deal
Hello BP community, i'm in the final hours of a deal and underwriting is all of a sudden requesting that I hand over the closing disclosure from a deal that I closed 5 months ago. Has anyone ever experienced this? The...