Cinque McKetty
5 Tips for Buying a Home When You Have Student Loans
Most college students require some kind of financing to complete their degree. Student loan debt is a serious commitment, one which can take up to 20 years to repay. But having a student loan does not mean you will be...
Jeffrey Blackman
What type of multi-family loan should I apply for?
I own a 6-unit building free and clear. I bought and did a gut rehab about 10 years ago. I want to take cash out to make minor repairs and consolidate debt in advance of selling the property before end of year. Would ...
Brenda Bolliver
Looking for Ideas on Investors
A few years ago I helped a friend save his four unit rental from tax seizure. Short story: wife had not paid taxes in several years, unbeknownst to him. Wife took off. I stepped in, we formed an LLC, and I paid the ta...
Scott Rovner
Should I sell or rent
I am not sure if I should sell my first home and rent it out? I currently rent with my wife we just welcomes our third son who unfortunately has some medical problems. We bought out first home about 10 years about for...
Anna Dyal
Newbie Investor needs help with refinancing
I own a 2 family house in NY, I took out a HELOC and bought a one family home 6 months ago. I figured I would refinance the two family and clear my HELOC line so I could use that to invest.
I spoke to a lender to re...
Steve Bell
Need a clear to close
Hi BP community,Just need a little reassurance. Trying to close on 2nd STR tomorrow. Have not yet received a clear to close from my lender. Going the conventional loan route.We are getting a little hung up because the...
Harpreet Singh
Can non-earner wife get mortgage?
Household income more than qualify for investment property mortgage. Can the mortgage be under my wife’s name (she is stay home mom)?
Brent B.
Want to invest but not in great financial situation
Just started getting interested in real estate investing and was curious about your guys' thoughts on next steps for me.Here is my situation: Two of my friends are interested in partnering with me on a house hack in a...
Ira Bloomfield
Replacement Reserves Question
Are you ever able to get money back from your reserves with the lender for routine make-ready expenses? If not all then is any reimbursable, such as new flooring, or new appliances, AC etc? Thanks
Ira
Yotam Dankner
reverse 1031 with seller finance
I am planning a reverse 1031 where I'm also giving seller finance to my buyer
The buyer wants to repay the loan after 90 days which will fall out off the allowed 180 days.
Will I have to pay taxes once the note is rep...