Alec Anderson
HomeStyle, 203k, and other renovation loans for first time buyer
Hello, I'm looking to purchase my first home and am looking for any input on these types of loans. My plan is to live in the property while doing some small to medium type renovations (upgrade kitchen, put in hardwood...
Andrew Merritt
Is It Time to Refinance or Wait?
I have a couple of duplexes and a four unit that I've had for 3 or 4 years now and I'm looking at doing cash out refinances on them. I've spoken with conventional lenders and portfolio lenders to get some good option...
Sarah Buchanan
Prospective tenant with bad credit using parents as cosigners
I listed a townhouse in a very desirable neighborhood outside Portland, OR 1 week ago and have only had 2 serious inquiries. I'm hoping to get it rented out by Sep. The first applicant is a family already living in t...
Nick Ferguson
Seller Financing Details
So I've been talking to sellers (some on and some off of MLS) about seller financing. No deals so far have been the right one but I've had some open to seller financing. My question is this, after I find the right d...
Miles Fulton
Non-QM Lending Pro's and Con's
Hello All,
As I learn more about Non-QM and the Investor options available from these lenders my curiosity increases for a few reasons. Other forums on here (that I've seen) have not been positive. It seems like a go...
Joel S.
Parents Self Directed IRA, any investment options?
My Father has a 401k that he isn't using for income at all. Next year he will have to start taking minimum distributions from it.I'm interested in acquiring real estate using the BRRRR strategy. Is there any way to ...
Mitch Black
Self-directed IRA for BRRRR question with example
If I use a self-directed IRA to purchase a property for a BRRRR, can I refi the property using a conventional loan and pay the IRA back?Example:I Buy full-cash for property X using 60K from my self-directed IRA.I Reha...
Alex Morstadt
Mortgage Note Accounting
Hello CPAs! I am struggling to get a definitive answer to the question - are payments from a Performing Note passive investment income or are they ordinary income? I have seen it described as both - and lets face it, ...
Jeb Brilliant
What state do I open my LLC if investing out of state?Ca resident
Hi All,I need some input here. I need to open an LLC so I can get a business loan, seems simple enough but I'm investing out of state. I live in California and currently have rentals in Indianapolis. Do I open my busi...
Nemo Djuric
capital gains on selling condos in multifamily
I bought a 4 unit/multi-family in July 2017 and have been using it as primary residence since. During this time I did a condo conversion.This year I sold 3 of them (and used all the money to payoff mortgage and renov...