Timothy Sturgis
How can I fund flip projects from an i401k
I have recently formed an LLC with a business partner to flip properties. I have a couple 401k’s from past employment with nice balances that I would like to tap in to use as funding for our projects. The LLC is a 50/...
Kevin White
Fannie Mae - multiple financed properties
I have 8 financed properties and fall within that difficult band of 7-10 financed properties with Fannie Mae that require 6% reserves of the unpaid principle balance. The reserve requirement has become prohibitive of...
Jack Plantin
How to structure this deal/partnership?
Looking to buy a SFR and either flip or BRRRR it. I have 30k cash.
Purchase price: 75k with 20% conventional loan + 5k closing costs. So around 19k out of my pocket for purchase.
I would take out the loan and he wou...
Manasse Shingiro
Can I Refinance My FHA Loan into an FHA 203K for Renovations?
Can I Refinance My FHA Loan into an FHA 203K for Renovations? I would like to know the pros and cons as well as alternative options
Olivia Evans
Loans equivalent to 203K loan but without using FHA
Hello,Gathering some more info here before finalizing my investment strategy and curious if anyone knows if it's possible to use something like the FHA 203K loan, but on a traditional loan instead. I've heard from the...
Brandon Sturgill
Looking for Second Opinion on Financing Strategy
So, the question below was posed to my lender, who was quite vague with a response. I need some help with this strategy. Here are the particulars:
I have been contemplating a strategy to move into my current...
Loni Anderson
Lending your balance sheet?
I just heard about using someone else's balance sheet to qualify for a loan (they told the bank it was one of their partners but it wasn't). The idea from what I understood is that the (borrowed) balance sheet shows t...
Account Closed
Reverse Mortgage Short Sales
I'd like to hear from anyone who has successfully worked a short sale with a HUD insured reverse mortgage. Not all reverse mortgages are HUD insured, but in my farms easily 90% of RMs made during the Bubble were HUD ...
Ryan D.
Using equity in rental property for new primary home mortgage
I'm trying to learn about rental property equity financing. But all the articles I find are about using equity in your HOME to buy a second property or rental property. But what about using home equity in your rental ...
Jeremy Paschedag
Security Deposit Separation
Over the weekend I heard third hand that, at least in Missouri, security deposits should be in a separate bank account than the main bank account. Supposedly it comes up if you're audited. I was told that you can use ...