HiI have properties that I will take HELOC loans out on in order to finance the next property. It will be for construction, or acquisition, or fixing it up.However, this year my accountant just told me that the intere...
Hello everyone,
I reached out to 4-5 lenders regarding DSCR loans and found it difficult to make a deal work, even in areas meeting 1% rule.
Here’s a recent scenario:
Purchase price: 244k duplex, good condition
...
I've been looking through previous threads with regards to "second mortgage" but haven't found exactly what I am seeking so I thought I'd start asking. I would like to learn more about how lenders view the following s...
Investment Info:
Large multi-family (5+ units) commercial investment investment.
Purchase price: $650,000
Cash invested: $225,000
We purchased a 32 unit apartment complex just outside the down town a...
My husband and are making a bid on our first property. The house will have a market value round $75,000 after improvements. Purchase price is going to be $30,000 and the property needs around $10,000 in improvements. ...
What are my options to get a loan under LLC using my portfolio? We looking to buy a 18 unit building (asking $190,000). Needs rehab (estimate...
So here is basically the gist of the situation: A few friends and myself have been building capital to purchase rental properties. The five of us are all 25 and are doing this together to scale as quickly as possibl...
Hi - From what I've been reading there are restrictions on HELOC interest expense deductions. Does anyone know if I take out a HELOC on my primary residence and draw funds to purchase/improve rental property (1) will...
Good morning you smart people,My husband and I purchased a duplex in Kodiak, AK. This is our first home and first investment property via a VA and First Time Homebuyers loan. We are currently operating as a owner-occu...
I rewrote this a few times I know its a handful, thanks for looking. Feel free to shoot holes in it.Got a q for you BP. I am doing a 1031. I have a CPA and a QI. I understand that advice here is not professional, even...