Svend W.
local, REI-friendly Chicago banks
I'm in the Chicagoland area and currently banking with a big national bank, but I'm thinking that from a REI perspective that it might be wise to use a smaller local bank that might appreciate my business more and be ...
Anthony Freeman
Private Lending Questions
Say I wanted to refinance my primary residence to private lend. Do you think my monthly payments will be too expensive to make a profit from a 10% return on my investment.
Buddy Holmes
Anyone with experience with Mint or Personal Capital
Just finished the great book,"Set for Life". These two free online programs were mentioned as good for tracking your financial life. I was wondering if anyone has had experience with one or the other?
David Ten
High DTI Home Equity Access
Hello Hello,I need to access My Equity But my DTI is High, this some information :- My Equity is about 240K- My Mortgage Payment = $ 1750/Month ( include everything ( PITI ))- My W2 = $4700/month- My Credit Score 690 ...
Luis Arguello
Strategies to reduce taxable income while deploying capital to build wealth?
I manage 150 units across 30 properties in Miami. I work for a single owner. We are projecting to pay taxes on $1,500,000 for this year and $2,400,000 next year. That about $500,000 in taxes this year and $800,000 nex...
Phil Harris
Collateral Loans or Using HELOC to fund Multi Family
I just got back from talking with the bank about my situation. I was told in my situation that I should be looking at properties with 5 or more units. My goal is to simplify everything and to have one person I can g...
Matt Leonard
Cash-out refi on primary, to pay off/down rental ARM?
This makes sense to me - but would love anyone else's feedback. Thanks in advance!I am in process to cash-out refi my primary ($850k value, $240k owed, 3 years in on a 30-year fixed at 3.75%) - at a 30yr fixed at 3.4%...
Nuhan Demirkan
Bringing a note buyer to a cash deal
Has anyone tried to bring a note buyer to cash deal? I am tapped out on my mortgages with 10. Looking to purchase rental properties with a seller carry back. But if the seller insists on cash I am thinking about givin...
Eric Dufault
VA Loan to Buy 2 Duplexes
Hey BP,
Going to look at a couple of duplexes today. Can I use a VA Loan to buy both properties? They are being listed by the same owner. They fall under the maximum allowable limit for four units required by the ...
Liam McGoldrick
Marketing a Rooming House
Hello,Currently I am running a rooming house and have found thus far the biggest challenge has been marketing. Very often I give tours to people who are surprised there is shared space, despite it being really explici...