Omran S.
Home Equity Loan with no Work History
In Ontario, Canada, how likely is it that I would get approved for a home equity loan if I only have minimum wage history as self-employed?I have ownership of one residential property (inheritance). What are ways to ...
Robert Parks
New Member from Delaware
Hi everyone,
I'm Robert, originally from Philadelphia. I served 5 years in the Marine Corps, once I got out I moved to Delaware and completed 2 Master degrees in Financial Management and International Busine...
Sam Leon
Applicant social media quotes
How much weight do you put on a new applicant's quotes on social media?I have one that says "When I am not an alcoholic, I am a chocoholic".What do you think? Red flag?Do you have applicants that says something that ...
Michael Malloy
Buying Duplex with no renters
We're wanting to put in an offer on a duplex that currently has no renters on either side. We plan on house hacking this by living on one side and renting out the other. However, neither side currently has a renter in...
Devante Boll
How Difficult To Get 5% Conv
Hello BP,Diligent researcher here, in the beginning of my acquiring knowledge phase. I have a question in regard to the 5% Conventional loan. Is this a hard loan to obtain? I have heard it is pretty rare, but it is th...
Niko Crowley
Forming an LLC for beginnners
Hi All,Can I form an LLC and remove myself from a property? My fiancé and I will be closing on our second multi-family at the end of the month. Can someone give me some insight on how to do this correctly? My name i...
Jordan Webster
First Purchase - Home to Flip, or MFH to Owner-Occupy
As the title implies, which should I do first: Flip a home to sell or move into a MFH to owner occupy.I've never owned a house before, but have plans to put my first flip deal under the LLC I just created. If I were t...
Bob McIntosh
Owner Occupied to Pure Investment Question
Hello I am looking at purchasing a 2 unit property, living in the one unit, and renting out the second. My question is if I purchase the property as owner occupied, but then lets say at some point down the road I wis...
Roy Gottesdiener
Financing question as a newbie
We own 2 rentals under an LLC, one in FL the other in NC, and we want to refinance both, abd use that cash as a down payment for a third property. Aiming for 75% 30 years. Is that doable? If so, through a bank? And if...
Brian Irk
# Of Financed Properties Limit
Hey BP,I was just told by a financier that I may not be permitted to buy some properties I have under contract because there is a limit of 5 financed properties. I had never heard of this law or regulation. I believ...