Emzie Blankenship
Using First Time Homebuyer To Get Approved?
I have been crunching numbers, seeing whats possible, and so forth. I have been using the Zillow Mortgage Rates tool. I don't get any lenders willing to lend anything BELOW $80k, with a $20k down (so, $60k) and credit...
Eileen D.
Borrower renting out property from HML
Hi BP,My borrower is renting out the property at a note of $3k/month but meanwhile not paying me a cent in interest or the taxes on the property. Unfortunately, I'm in second position on the note so I'm hoping to avo...
Zack Tran
How do I file taxes for house if owned by 2 separate individuals?
Hi everyone,Now that tax season is soon dawning upon us, I was hoping to get some insight on the best way to file my taxes being that my friend and I both own the property and are filing as separate individuals.In ter...
Ron Turner
HELP! Need Mortgage Lending advice!
Hello everyone! I'm having a challenge, hoping to get some advice on taking action for my situation...I currently live and work abroad in China, and am being transferred back to the US in the Fall to continue my job t...
Phil LeNeveu
Getting a mortgage while carrying heavy student debt?!?
So I have a very peculiar situation. I have been at my current job for almost a year (I work at a bank which allows for very favourable rates on mortgages and student loans) but i am currently carrying a decent balanc...
Martin Grizzanti
Setting up an LLC or S corp
What is the best way to set-up an LLC? I have one but do not want to pay the $1,400 to create another one.
Noelle Yarn
need help removing a tax lien
I am in need of a Virginia real estate lawyer. My family has inherited a property that has a lien on it. The real problem is the mortgage was taken out by someone who only had lifetime rights and the heirs did not s...
Joe Melendez
I Want to Assume a Loan on my uncle's home!!!
Hi BP! I NEED YOUR HELP!!! This is my first time starting a discussion, but there is no better place to go for good, straightforward, and reliable info. I just became a pro for this deal, so here goes...My I've been l...
Edgar Diaz
How to show down payment when applying for loan
Do I need to prove that the money I have for a down payment came from income reported or can I say that I got it as a private loan? I am going to apply for a mortgage pre approval but I don’t know if I can show the mo...
Fernando Palomo
House Hacking or Multifamily
Investment Info:
Small multi-family (2-4 units) buy & hold investment.
Purchase price: $390,000
Cash invested: $30,000
It’s a 5 bedroom 4 bathrooms single family, divided in 3.
A 2 bed 1 bath in...