Rashelle Turner
Owner occupied rentals qualification question
Hey all! I was planning on building four small houses on a piece of rural land in TX. My intent is to live in one (owner occupy) and rent the other three. Any advice on if I could get one loan for all four houses I ...
Jon Zackary
Qualification for first commercial loan
Hey allNewbie here. My question is how important is 'previous experience' when it comes to applying for a first time commercial loan? Do not own any rentals however looking for a small 6-8u MFH in the midwest. If w...
Kelly Beasley
BRRRR Method Refinancing- Pre-Qualification?
Hey all!
So with the refinance part after the rehab, here's my question:
Do you go to the bank beforehand to somehow pre-qualify? My brain is concerned I might buy a property, do the work, then go to lenderss and ge...
Allende Hernandez
Tenant/Buyer qualification hit list
Hi there folks,I am opening a house that I just rehabbed and have in the market for Lease Option as well. I am in the search of a punch list to qualify my potential tenant buyers and make sure I don't get in trouble a...
Bob Waters
Qualifications of 1031 Exchange Intermediary
What does it take to become a qualified intermediary? Is there a license or certification? Do you need the approval of the IRS? etc...Thank you.
Robert McCormick
Property manager qualifications in Texas
My family and I are looking to buy a unit (condo or townhouse) within a few days and I will become the property manager. My understanding is that the property owner can manager the property themselves and seeing that ...
Teresa Wang
1031 Exchange - investment property qualification
I purchased a small house in 2018 and rented it out from Aug 2019 - Aug. 2020 to my sister to use as storage. In Aug. 2020 to now, I tore it down and rebuilding a bigger house on the property. Since I rented it out ...
Audra Smith
Income qualifications for house hacking
Hi! New here. If using an FHA loan on a duplex and wanting to house hack, what are the terms for income on the loan? How would you go about this? I currently reside in Northern Ca and want to house hack out of state. ...
Jose Belman
Credit Partners for Loan Qualification
Hello everyone, I need some help with the following: Can anybody help me understand how to structure a loan under a credit partner , the drawbacks and advantages of this strategy. Secondly, how to structure it on my o...
Seth Myers
Commercial Loan Process & Qualification
Hi everyone,I'm interested in Multi-Family apartments in Grand Rapids area. I'm just curious the process of getting a commercial loan when using syndication. Having investors pool their money for the down payment and ...