Shawn Mcenteer
Shutting down business
Will shutting down my llc effect my credit? This is a small apparel company the never made a profit and has turned into a hassle come tax season.
Elizabeth Conklin
HELP! HELOC has resulted in drop in my credit score
Looking to all of you (the experts) to find out how I can successfully carry mortages on multiple properties without impacting my credit score. I have one conventional mortage on my STR and just starting drawing on ...
Greg B.
Market Value affect of purchasing below market value
I have a question about multi families being purchased within the same area and its affect on overall market value.If I purchase a multi for $60k with a market value of $100k, another investor purchases a property a b...
Nicholas B.
Mortgage Underwriting Guidelines & DTI - (@Bill Gulley)
In another thread, @Bill Gulley and I had a brief discussion on underwriting guidelines. Rather than take that thread off topic, I created this one to hopefully further the discussion. The main contention was whether ...
Account Closed
Second Tier Entitlement
I currently have a $381,000 VA loan balance in San Bernardino County in CA. I’m interested in using my second tier entitlement to move to a second property and rent out the first. Can anyone explain to me how I can do...
Monica Evans
Cash on Cash return when paying expenses with cash flow?
Hi Everyone,My husband and I close on our first investment property in 2 weeks!! Woohoo!I have 2 questions related to cash on cash return. I have zero background in finance or accounting (I majored in biology) so I ne...
Nick Drury
Buying into a fully depreciated property...options?
My business partner owns a large multi-family property that he’s offered I buy into in the near future. I’m very interested in the deal, but he’s owned it for a long time and there is very little depreciation remaini...
Kelly Votrenom
HELOC loan modification and FICO
My HELOC is coming to the end of it's draw period and my income has changed so that I have not been able to qualify for a new loan. Since interest rates are changing I don't want to stay with the HELOC to the end of t...
Tristan Rynning
HELOC - harmful to debt to income ratio?
BP-
I️ am opening another HELOC on a property this week and was wondering if the loan brokers out there can help me understand exactly how this is effectively counted “against” me in acquiring a new loan for the next ...
Michael Bridgett
Brrr refinance question
To those that brrr, are you financing the home then paying the rehabs out of pocket? Or using rehab loans? I often hear investors evaluate the property before the Reno and refinance, however not after. After the refi ...