Michael Dunn
Buy-and-Hold ( Rental CashFlow ) using a HML ( Hard Money Loan )..........
Hi BP - I understand how and why HML are used buy those who want to Flip houses and I understand the math/LTV/etc.. associated with the process of buying a property using a HML for this purpose. My question though, i...
Manuel Fontan
Non-Conforming vs Portfolio loans
Hi BP community!What are the main differences between a Non-Conforming Loan and Portfolio Loan?As it turns out, when an investor has more than 10 properties, they no longer qualify for Fannie Mae mortgage loans (conve...
Rebecca Belnap
Subprime Lending is back? Sort of
Remember 2006? No income, no assets, FICO score of 580, no down payment? Sure, we would LOVE to give you a loan. They are now calling it Non-prime which is probably more accurate. The requirements to qualify are ver...
Joshua Merchant
First Time Commercial Lending
Hey y'all, my wife and I are looking at our first commercial purchase (a five apartment building). The lender we're working with asked us for a pro forma mortgage. I've done this in residential, but I'm unfamiliar wit...
Lauren D.
Hard money lender vs renovation loan through Fannie Mae?
Hello everyone,
I am familiar with using hard money lender for distress property that will need rehab. Has anyone heard about renovation loan provided through Fannie Mae/Freddy Mac? a lender mentioned it to me today...
Mike Madeja
DuPage County, ILL landlords here?
Hi, I was wondering if there's any landlords that have property in DuPage County? I wanted to see your thoughts on it... I was interested in some single family homes specifcally in Lombard.
Michael Tootelian
Looking for tips on wholesaling condos
Hello wholesalers, I'm surrounded by condos. Would anyone be kind enough to give me a couple of pros and cons on wholesaling condos?Thank you!
Kate Spears
HELOC for BRRRR - should we max out our line of credit?
HELOC for BRRRR?We are in the midst of securing a HELOC that we intend to use to pursue a BRRRR deal(s). We would like to use the HELOC becuase all-cash offers are king in our market and we also realize that few if an...
Samantha Gooch
CPA vs EA in San Antonio
Hello! I recently started renting out my first property in June 2021. Coming up on tax season I would like to start setting myself up for success. Currently I have 1 rental property and 1 property I purchased (finance...
Matthew J.
Tax treatment of a sale of an overseas inherited property
I inherited a foreign rental property from my parents in 2017 and started renting it out in 2018. It was empty for a year. We never lived in or visited the property. I sold it in 2020 for a loss based on the appraisal...