Went to my loan officer yesterday, to see about my first REI loan. I was in shock when she said their new policy was 30% down. I finally talked her down to 25%, but she was sincere about this 30 percent and I thought...
Ok so I grasp how whole life works.
But in order to use it correctly should I have a lump some ready to put in on first payment.
Example 50k policy 4% return 2k first payment required monthly after that is $35
So...
Hey BP Family I found a commercial lender because I don’t have a W-2 job or the debt to income tax requirement for the conventional loans. I found a company called PIMG and they found a lender so I can buy my first pr...
One of my rental property got burned but not completely burn down. I have claimed the insurance and they pay me out around $50k to repair the property.My property manager sent the contractor to get estimate for repair...
There has been a lot of discussion about interest rates recently and a general lack of knowledge about what is driving mortgage rates to go up so I wanted to make a post outlining the reasons why mortgage rates have c...
Property A (investment) is under contract for sale and has no LLC. Everything is under husband and wife's name. Does replacement property have to also be under husband and wife's name for it be considered a 1031? We ...
Hi everyone, I have a question about a simple deal structure for a fix n flip. A family member has agreed to fund a flip for myself and another partner. We will split the profits equally 3 ways. We will use my LLC ...
I am buying a SFH as a primary residence and will rent my current condo. I have never had rental income before so my income taxes do not show rental income. At 75% my rental condo still leaves a positive net income....
So question - buying first investment property with 10% down conventional
Question - do I buy it in an LLC or in my name with an umbrella policy
Do I set up separate bank account for it
Do I get a separate credit c...
Just wanted to see what everybody's thoughts were. I'm working on a deal right now on a second rental property that if I complete it, I'm looking at around $1,100 per month in cash flow after expenses. My thought is t...