Michael Donato
Question for bankers….
Currently have the option at a credit union to take out a HELOC on my current property. I’m able to buy another property with that HELOC but that bank will not refinance on the new property after 6 months BUT they wil...
Bobby G Deloach
Personal mortgage & LLC has title HELOC
Any suggestions for applying for a HELOC when I am responsible for the mortgage (VA loan) and my LLC owns the deed. I will be purchasing an apartment as an investment / rental property.
Christian Solano
Recent College Grad Looking into REI
Hello everyone! I am happy to have recently joined this community after much consideration.I am eager to start this journey and like many of you, I assume, I have no idea where to begin. To give you guys some context ...
Angela Yan
Got the EIDL money. How are RE investors using it as “operating”
Hi guys!I was lucky enough to get that EIDL money but the loan docs are a bit sensitive. I am wondering what are some of the tricks RE investors are handling their money so they are creative enough to abide by the ru...
Steve Sorensen
Structuring Down Payment Investment Deals
Hi,I'm new to investing and looking to make my first purchase within the next two months. I work 100% on the road right now, jumping from site to site around the country every few months, and I'd like to invest in a p...
Jason Muenchow
What would you do in this situation?
Hello all. Thanks in advanced for the replies. So here is my situation. My day job is doing social work. My side job is being a realtor. I have a lender I like to work with and is always helpful with my clients. I wen...
Leo F.
Blanket Loans or Portfolio Banks
Need advice on my current situation. 1st has anyone had any dealing with a local NYC portfolio bank Maspeth Federal? Has anyone had a dealings or success with 1st Key Lending?I currently own 10 SFR. 4 of them have mo...
Sandy Uhlmann
How does a lienholder regain title after occupants default?
I have a mobile home in a park. I owner financed the trailer. I am listed on the title as the lienholder. The occupants are 2 months behind on payments. I have sent them certified and first class letter warning th...
Irene Low
Searching for house-hack but duplexes are fully-leased
I'm looking to buy my first home (aiming for duplex, but open to other types of properties that will allow me to house-hack) using a FHA loan. When I look at the duplexes in my area, most of them are leased with tenan...
Andrew Namkoong
Real LLC Tax example
Hi everyone,I am trying to understand this whole tax situation with a LLC and how we actually get taxed.Say I have a property, under my personal name, that generates $1,000 per month on rents and $800 per month on all...