Erik Zimerman
Second Position Notes with Large equity & High FICO Borrower.
Greetings all. We own a portfolio of homes in the Miami area (Surfside, Miami Beach, Bay Harbour...). These are mostly new construction homes with a first position and plenty of equity. Values from $4 to $15 million e...
Brian Willie
2nd Position HELOC Questions
Hi,Does anyone have insight into the max LTV that can be borrowed on a 2nd position HELOC? On a max LTV what is the typical DTI and required credit score? Thanks!
Marc Izquierdo
Raising Debt for Long Term Rentals
Hi everyone,I’m interested in raising debt for small multifamily deals but I have a few questions about it and how I want it to work with my proposed strategy.One of the things I’m wondering about is how to structure ...
Jason Shackleton
Would you take on negative cash flow on a BRRRR deal?
Let's say you just completed a renovation project and the appraisal came back higher than you expected for once. You now have an opportunity to pull out a ton of equity with a cash out refi. Would you do this even if ...
Craig Lessler
Airbnb - Active or Passive - Deductibility of Losses Schedule C
I have a long term rental (SFR) which I converted to an Airbnb in October 2019. My property manager is acting as the host and we have already had multiple bookings.
Questions:
1. Is the Airbnb considered "Active" ...
Josh Schaap
Where's all the OPM?
I keep hearing podcasts referencing people using OPM (other people's money) to buy real estate. In most of these cases they are referring to private money lenders. I keep hearing people say that they are plenty of peo...
Gabriella Vehrs
To Scott Trench: What is a good personal finance foundation?
In @Scott Trench's latest post on a potential crash, "Yes, I’m Afraid of a Real Estate Bubble—But I Continue to Invest Anyway. Here’s Why." He says,"I buy well within my means, with a rock solid personal financial fou...
Olga Levin
Lent money on second lien to a rehabber who stopped communicating
Hello BP community, Really need some help and ideas on dealing with this situation. I know I probably shouldn't have done this deal, but I have lent on 2nd liens successfully before. This one however, gone pretty bad...
Matthew Botelho
Tax question on positive cash flow
Hi BP,I have a tax question about positive cash flow money on multi family houses. If I'm making a positive cash from a multi family house and if I continue to keep that money in a business account and don't clam it a...
Charlotte Farrell
GA LLC owns property in FL
We live in GA and have a GA llc for a LTR we own there. We recently purchased a STR in FL and deeded in name of GA Llc.Should we have a separate FL based llc for the FL home? Slowly discovering FL has some convoluted ...