Victoria Morrison
Heloc denied due to room rental
Hi all! I recently applied for a Heloc but was denied due to renting a room in a 2 room primary residence. Is this common? I was told it was due to the property being "multi-purpose" and not in line with Fannie Mae gu...
Marco Torres
What is your view on starting rental property investing in Nashville, TN?
Hello,
I recently graduated from college and am moving up to Nashville for work. I have no experience in buying or maintaining rental properties and a small savings. A relative lives there now and has a few units giv...
Account Closed
How to 1031 ~$1M + cash-out refi later
Planning to sell a 4plex in San Diego and 1031 into something worth around $1-1.5M. After adequate seasoning, I want to cash out refi the new property to access the equity. I'm flexible on what to buy with the 1031 ...
Larry Fried
Limit on Conventional Cash Out Mortgage
As an investor, my business partner wants to buy a home all cash, have it rehabbed, and rent, then finance out. We know about Delayed Financing and is the option he may take, but it is fairly costly. So he is consid...
Kissu Kirkwood
Investment property Equity loan or HELOC?
Hey people….anyone know where I can get a Home equity loan for rental property in Detroit?? HELOC?? Property owned free and clear. $50k loan amount Tenant is moving out and I’d like to renovate so that I can get a hi...
Edward Bethea
Wholesale question/ Buyer
Hey guys! I need some help! I have a potential wholesale deal lined up but I have an out of state buyer who says he’s interested. How would I facilitate this deal since the buys is out of state? Any help would be much...
Robert Lorenz
June AZREIA, John Burley as guest speaker!
Anyone else as excited by this as I am? Anyone else going? I'm taking my wife and oldest daughter (she's 9, goes with me to a lot of these REI meetings) and will be meeting at least a few other local newbies there....
Joseph Maldonado
failed 1031 exchange
i recently had a failed 1031. closing date of sale of property was 10-10-2017 my 1031 exchange did not go through, i received my proceeds of the sale on 04-19-2018 how do i claim this on my taxes and in what year. ca...
Jim Manson
Financing SFH Bought with Cash
Recognizing that this might fall into the category of dumb question, but I have always either financed with a bank from the getgo or bought and held with cash. This SFH I bought with cash for 90K, current value is abo...
Account Closed
Critique my business model
Hello,
Background:
-I own a duplex in Florida that I purchased for 65k cash, so the property is free and clear. I have owned it for 6 months in the name of my LLC.
-I am thinking down the road about slowly adding m...