My dad has been kind enough to help me get started in investing in real estate. I know I need to discuss with a CPA but wanted to get some opinions on the best approach for my situation. He is going to give me all the...
So, my father wants to transfer his house which is fully paid off by the way, over to my name soon and I was pondering the idea of taking a loan out on the house to finance my first deal. Curious to know what advice y...
If I take a gift from a friend to cover the entire 20% down payment for an investment property, can I then pay that friend back with a personal loan? Would that be considered mortgage fraud? Can a non-family member ev...
My brother-in-law has a primary residence (with no mortgage) that he may want to sell to us in the future (and we want to rent it out or do AirBnB). However, we want to minimize taxes for him and for us. Currently h...
I am in the process of purchasing my 2nd and 3rd properties with conventional financing from the same lender. Originally, I planned to put 20% down on both properties because I thought that it was a REQUIREMENT that i...
I have a duplex under contract for 48k. The bank I found that does mortgages as low as 30k tells me (a month into the process) that I can't use funds from my LOC or a gift to supplement the closing costs. They told m...
My mortgage broker just told me that I can't use gift money from my parents as down payment for investment property due to the rules from FHLMC and FNMA. What? I never knew this! The mortgage company can't give me the...
Hey guys. Been trying to figure out the best way to pay for the construction materials, and best thing I could come up with is the Citi Double Cash for 2% cashback. The Home Depot and Lowe's cards I don't think are ...
The 2023 holiday shopping season is here, and you know what that means…gifts, trips, and LOTS of spending. If you love the holiday season but are more into frugal festivities, we have just the episode for you. Whether...
Hello everyone, I'm looking to get my first single family rental property soon and was hoping to get some advice.
I was planning on borrowing a 20% down payment along with rehab costs from my mom and giving her a 12%...