Kole Kingslien
My First Rental Property-Questions
Hello everyone,I just purchased my first rental, made it through the screening process, have a move in date set for a qualified tenant, and am wondering about what kind of documentation I should be preparing, and in w...
Amy Summer
Conventional Renovation Loan vs. other rehab finance options
Hello! First-time homebuyer here. I recently came across the Fannie mae home style loan, which I understand is a conventional renovation mortgage. I want to know what is the benefit to obtaining a property under this...
Justin Bock
Lender for rental properties after going self-employed
Hello, I'm looking to obtain financing for various rental properties. Earlier this year, I quit my W-2 job and now work full-time as a real estate agent and investor. My wife still has her W-2 job. My income this y...
Brandon M.
Who do you issue 1099s to?
Who do you issue 1099s to? I have flipped a few houses this year and want to make sure to do everything right from a tax perspective. I know I saw where you should issue one for anyone paid over $600, but in that case...
Deepak Advani
Transactional Funding Structure
I would like to know How the Transaction Funding is Structured between the client and the Lender ?I understand that most of the time the Lender requires back to back closings and charge approx 2% fee.... but is that a...
Iliya Muzychuk
AI & GPTs in Deal Review & Underwriting
Hi All,
Wanted to share this experiment I ran on training my own GPT to review deals easily from screenshots. All I do is drop a listing into it and it can analyze costs, financing, comps, and so forth as I train th...
Evan Tan
Getting 1st Mortgage given Employment Status
Hey everyone i'm just wondering about ways i can get a mortgage loan for a property given my current situation. This was the previous thread i created; https://www.biggerpockets.com/forums/12/topics/594...I am not emp...
Rav Ram
Cannot find loan documentation for a non-recourse loan to an IRA
Hello,I'm getting a private loan from a friend to buy a property in my self directed solo 401K. I am trying to find someone who can help me with specific documents for a non-recourse loan in Los Angeles (California). ...
Anthony Wick
More discussion on therapy animals...
I know there has been much discussion lately on allowing therapy animals. I have never been asked, until now. Phone Caller: Do you allow therapy animals? Me: Do you have the proper paperwork for said animals? Her: No,...
Greg W.
City of Baltimore Section 8
I'm looking at a property in the City of Baltimore that currently has section 8 tenants in it. For those of you experienced with section 8, what is the process for converting the units from section 8 to traditional...