Colin Smith
E St Vrain
Investment Info:
Large multi-family (5+ units) buy & hold investment in Colorado Springs.
Purchase price: $785,000
Cash invested: $900,000
This was a syndication with partners. The only parts of ...
Tim Johnson
Lending for equity / convertible notes
Has anyone seen an example of a lender combining debt with equity on a real estate deal? e.g. is it possible for someone to lend $100k on a deal in exchange for, say 6% interest rate plus 10% share of profits?Related:...
David Hald
Analysis Question: Full Rehab Required on Duplex
Hi,I am looking for my first rent-and-hold property.I am analyzing a duplex in the midwest, and it needs a full rehab, down to the studs, plumbing, and electrical. Obviously the price is commensurate with the work it ...
Quinton Foster
Portfolio Refinance on Single Family Rentals owned through LLC
My partner and I purchased a single family home through our LLC (commercial loan) in October of 2020. At that time, we paid $55k for the home and it appraised for $72k. Since then the market has increased and we put s...
Chris Carrigan
Refinance STR HELOC to conventional
I have a STR which I renovated using a HELOC on my primary home. Balance is $79k at 7%. No other mortgage on the STR. The STR has been in business now for 8 months. Gross earnings average is $2k per month. Is it p...
Chelsea Peyton Robinson
Using credit cards + other creative ways to finance investments
Hi all! Newbie here. I was chatting with my mom a few weeks ago about an area for potential growth where homes are currently under the $50k mark — a.k.a., an area that's ripe for a newcomer like me to invest. I could ...
Kurtis Tryber
How to unlock Equity in rental property? Help on figuring out a potential strategy
Hey all, I have some questions about potential strategies with a rental property that I own in Sumter, Sc. I bought this property in 2012 as a primary residence, however its been a rental property since about 2015. My...
Jessica Riley
Renting an apartment while getting a rental property
If I am renting a place to live in, does that count as part of my debt to income ratio when attempting to acquire an investor loan for a rental property?
Hypothetical example:
Income 5k per month
Rent 1.5k per mont...
Maria Christina Silva
How to Buy a House with an FHA loan as an unmarried couple?
Is it possible to buy a house as an unmarried couple together with an FHA 3.5% loan if one of the people in the couple has good credit but no steady income (an entrepreneur, not willing to take a full time job at the ...
Scot K.
Is a 403K FHA the best way to house-hack a 4-plex
Hi, I want to buy my second rental property but I'm not sure the best way to go about the financing. I want a 4-unit building, rehab as many units as I can, live in one for a least a year and then move out and rent th...