Bob Malecki
Tax reporting for personal property trust
Right now I have a personal property trust (similar to land trust fyi) with my LLC as the beneficiary. I provided my loan servicer my LLC's EIN but they said that is not acceptable, they want a DBA or have me create a...
Art Valverde
DSCR LOANS - Any Good Lender Out there?
Hello everyone,Does anyone know of a lender that does 20% down on a DSCR Loan?
Samuel Ksiazkieicz
Sub2 - Our Payment helping sellers FICO score? Any credit repair specialists?
Hey, I posted this in the innovative strategies forum but didnt get any bites. I tried to get it moved here but no luck, so, sorry for double posting.
One benefit that we talk about when selling a seller on the idea...
Shawn Miller
Tax Question - Loan Origination Fees
I understand that the loan origination fees are amortized over the life of the loan, so if you get a hard money loan and paid $3000 in origination fees, you would create an amortized asset with a 1 year life span, bec...
Jason Harris
Can anyone tell me about the DSCR Program?
Hello
I'm in Fairview Illinois which is in the St. Louis metro area, and I have been trying to invest in real estate for a while now. I just recently heard about the Debt Coverage Ratio Program and I was wondering i...
Joshua Martin
Do We Have a Deal?
I also posted this in Multifamily discussion because I wasn't sure where to go with it, sorry if someone is getting it twice.Hey gang, So I'll try to make this post as detailed as possible with what I'm currently goin...
Anthony Spencer
15% Down DSCR Loan Specifically for STR
Can anyone recommend or underwrite a 15% down DSCR loan based off short term rental income? I'm looking for a 30 yr Am, and someone that can close fast enough to be competitive in a hot market. No prepayment penalty w...
Lucas Allmon
Learning note investing by investing in notes
Afternoon all,I listened to the Bigger Pockets Podcast with @Bob Malecki last week, and it's like a bunch of connections that have been waiting to be made, finally went off in my brain. I have been looking to get into...
Jason Scott Vawter
VA Accounting and Loan Applications
My wife has been our business accountant up till now, but she's pregnant and we have a 1 year old. Life is rightly taking up more and more of her accounting time. A lot of accounting can wait to be done in big push sp...
Kara Ballard
Loans Process for Beginners
Hi everyone, I am about to start the Pre-approval process for home loans and just had a couple of quick questions. Whenever I try to apply for a loan online, I get asked the very specific question "what is the zip cod...