Alan Tartt
Looking for a local Georgia bank
Does anyone know of a smaller bank in Georgia that offers a line of credit for real estate investors and doesn't require 2 years of business tax returns and bank statements? The larger banks like Wells Fargo require t...
Russell Gronsky
Basing CAP rate off projected income
Hey all,
So I was looking at a 10-unit multi-family property the other day online and it was advertising an 8 CAP. But when I ran the numbers, the CAP rate I got was closer to 6. When I asked the broker where the 8 CA...
Account Closed
Single family residence lending needed in San Diego
Hi there - I'm looking to buy a SFR such as a 3 BR / 2 BA and right after convert it to a smaller SFR and ADU. I would then like to convert the garage into a second ADU and rent out both ADUs. I make $20k gross monthl...
Braedon Page
Pros and Cons of STR Property Managers
Hey all,
I am the cofounder of a new property management group on Oahu. As I start this venture, I want to avoid the mistakes of other PM's and learn from those who provide and excellent service to their clients. I k...
James Baker
New investor tax mess up
I am new investor. I just bough my Triplex in April of 2019. I had no idea about tracking expenses or book keeping, so I simply did not. Come tax time. I go to my recommended CPA and he sends me home because he said i...
Daniel Porter
Competitive Long Term Lending for Self-Employed Investors: BRRRR?
howdy, from dallas tx. i'm a full time professional musician, and my income fluctuates seasonally, as well as being all 1099s. i've been approved for around $150k on a bank statement loan at 8%, 30yrs fixed, with a m...
Jonathan Clark
Questions on cash out refinance of warehouse property
I recently rented my 15,000 sq ft warehouse to a multi-state, A credit tenant. It is only a 1 year lease with renewal options because the tenant does contract work for Duke Energy and does not want a long term lease i...
Rachel H.
ESA exemption in Oregon state?
I have a potential tenant who has an emotional supporting animal, and a letter from her psychologist saying the ESA is for a mental disability. I have a no pets policy for my rental, a one bedroom apartment that is an...
Mike Jones
Duplex, trying to refinance - Can we use new rental income?
Hello,
Trying to help my ex wife refinance a duplex that her and her Dad (retired, min income) own, she tried a few months ago but there was not enough income to support it so new plan:
Have her Dad mov...
Bhrgu Itwaru
Looking for a Helco on my LLC - which owns my rental property.
I have a rental property in an LLC own by both myself (49%) and my partner (51%), I will like to get HELCO or CELCO. I currently have a mortgage of $25,000 on the property, the property value is around $220,000 to $24...