Kyle Ellrich
Financing new home purchase and renting out current home
I'm currently a home owner looking to buy a new house and rent out my existing home. The issue is coming up with the down payment for the new home. What ways have others financed the down payment for the new home?Ad...
Qui Van
Taking a heloc/ line of credit for second property
Hi all,I spoke with a mortgage broker recently and wanted to take a heloc or line of credit on my current home. She said I couldn't because my income is not high enough. How can I go about this other than make more ...
Micheal Jonoba
Manhattan Opportunity
Hello BP community,I am a multi-family investor, up until now I been investing primarily out of NYC. Recently I have started to to explore the NYC Market. A Broker of mine brought a deal to me located near Colombia Un...
Paul Camuto
Asbury Park NJ Multi-Unit - Good Deal?
Hi, I have been going at the rental game for a while accumulating 15 individual units 1x1. I want to branch into a multi-family unit. It seems that all the multi-family units I look at have lower cap rates and lower c...
Mike Taddy
How Much Personal Info to Share?
Howdy all. Newbie here. I'm looking to get some feedback on my potential first purchase, but before that, I wanted to ask the following: How much personal information should one share to best represent the situatio...
Joseph Balvanz
Retiring for the service and VA is hampering our lending.
The short of it:I'm retiring from the Army 01Oct17 with 21 years of service. Terminal leave starts 28Jul17. Dream job lined up, starting 01Aug17. I will be the Senior Army Instructor for Missouri Military Academy. Bet...
Daniel OKeefe
Looking for DSCR loan or JV for MHP
I’ve got a park under contract in Pensacola Florida. It is 11 home sites in 3 acres. Currently 8 of the sites are rented below market, so there is room to add value. Purchase price is $350k, current income is $4250/mo...
Drae C.
FHA 2 year work history
My job recently cut my hours so I'm having trouble saving enough money to reach my goal of having a down payment saved by April 2017. I've been there for almost a year now so I was wondering if I kept my job to reach ...
Wayne Popeski
Credit rating for a husband and wife
We have a set limit that we have for credit ratings. The wife's credit rating came in at 751 which is one point above our requirement. The husband who blocked about filling out his own application, has a credit rating...
Jimmy H.
Using LLC to expense home office
I am wanting to set up a nice home office for potential real estate and/or other ventures (none right now except for my own home).
I have 1 small filing cabinet, a computer, and a desk. I am wanting to purchase a lar...