Ronald Stephenson
Funding HVAC system
Situation: Business checking can not afford HVAC replacement. Ask: What are your suggestions in this type of situation? What did you do if you were in this type of situation? Background: I have a rental property in Wi...
Zach DiFilippo
New Investor Looking For Advice
So I am 1 year out of college with about $50k in student loan debt (that's is deferred until Nov.). I am currently an active real estate agent in St. Augustine and have been for about 2 months now and just had my seco...
Andrew Pettit
Deducting Interest Paid on a Brokerage LOC
Hello,
Can I deduct interest paid on an Etrade brokerage LOC used for a down payment on an owner-occupied home? ThanksAndrew
Buyan Thyagarajan
Need to know how to dispute an appraisal which came 80k lower than the actual apprais
Hi Guys,I need your advice on a situation. I have a 4 bed 1.5 bath property in Norristown, PA around 2400 square feet. The original arv when I did the hard money loan was 250k and I got the hard money loan. I fixed ...
Adam Gardner
Unstable employment history - any recourse on getting a loan?
Hi all,I'm a mid-20s guy looking to diversify into real estate. Right now I have about 125k invested in vanguard with about 80k of that liquid (taxable mutual funds), and about 10k in a plain checking account. I've be...
Chris Ufomaduh
Need Help on a flip house deal gone bad!
I bought a flip property in Houston, located in the 77063 zip code. Rehabbed it from the underground plumbing to the roof, everything is new. Had set backs from the City on get permits so I lost 6 months and the marke...
Sarkis Gezalyan
How do construction loans work??
Hello all, I've been reading on construction loans but I believe I'm missing the "obvious". To make it easy, let's say I'm looking to buy a 800k home, and expecting to add about 200k worth of work. Can someone help me...
Michael Ming
Seeking Advice: Managing Tax Obligations and Property Down Payment
Hello everyone,
I find myself in a challenging financial situation and would greatly appreciate any guidance you can offer.
I have a pending income tax payment of approximately $200K for the year 2023, due by Septem...
Ryan Swigart
Are you required down payment on investment property if get a great price?
Situation- My grandpa and I bought a property off market for a really solid price $125k cash. The plan was for me to remodel, get a tenant in it, manage it, and give him all the rental income until I get a loan to pa...
Ellie Narie
Do rental properties count in your DTI ratio?
I'm a little confused on how to calculate the DTI ratio. If a rental property is in your name, and let's assume that 75% of the rents offsets the PITI but you have no cashflow. Let's say you want to go out and get ano...