Hey biggerpockets fam I am having issues with financing and wanted to see if anyone had tips!I bought 2 properties about 16 months ago, did repairs on them so on my 2021 tax returns my real estate shows a loss, with b...
Hello, I hope everyone is doing well. I was trying to help my parents invest in RE and was wondering what the best strategy would be for getting loans and using leverage.
I heard that you can get a maximum of ten lo...
I am analyzing whether it makes sense to purchase a duplex in Colorado. I currently own a condo worth $400k with a mortgage of $100k, so I have a LTV of 25%. I am considering a cash-out refinance to borrow an addition...
Little about ourselves, my wife and I are both 21, she works full time and I work part time and attend college full time (BS Mechanical Engineering), combined we make roughly 50k a year, I have no student debt, all is...
Planning to fund my next 2MF 100% OPM. So far I have been unable to refi my 2 sfh rentals because combined value is about 70K, not meeting cu/bank minimum values. So, has anyone used PML/HML for the down payment and c...
First Time Homebuyers and Government Programs
This is good news for all of you first time home buyers out there. The government programs available are phenomenal. These government programs are intended for low to mo...
I have a VA loan that was issued for $350k it is payed down to $320k currently. If I were to get another VA loan would the value of what originally loaned or what was is currently owed be against the $600k entitlement...
Good day--We bought our current primary resident for a base price, with an additional 203k rehab of $55k. We bought our home 4 years ago, and the 5th year anniversary is Oct 2017. According to the rules as explained...
I'm about to put a duplex under contract and In order to minimize my initial cash outlay, I am considering financing it through a combination of buyer down payment, private lender loan and a conventional mortgage thro...
Hello Everyone,
Last year, I purchased a property using a DSCR loan for a medium renovation. The existing home was 1,000 sqft. But we've decided it would be best to add a second level and build a new home. The home i...