Investment Info:
Single-family residence buy & hold investment.
Purchase price: $155,000
4 BR - 2 bath
What made you interested in investing in this type of deal?
I had just turned my st...
QUESTION: Can a Triple Net Lease solve my dilemma?BACK-STORY: I bought my in-laws’ home with a goal of using their equity to payoff debts, lower their expenses, and allow them to retire. To keep the expenses as low as...
For at least some types of commercial lending, loan balance is capped at the net worth of the buyer(s). I've looked but so far, not been able to find guidelines for how that is calculated. In particular, would a prima...
I've been investing in real estate for 15-20 years. I used the infamous BRRRR method to purchase beat-up single-family homes and turn them into rental properties. With my background as a mortgage broker, I was able ...
Submitted a 300k bid on a HUD home and they countered. My original bid included 10k for closing, 10k to the sellers agent, 10k to the buyers agent. After subtracting that, "net to HUD" amount was 270k, and it needed t...
Last year I had rental losses totaling -$15,727 and unemployment income of $4,500. TurboTax combined the two which resulted in an AGI of $-11,227. It indicated I took the standard deduction and put the full -$15,727 l...
Hi,I am renovating our duplex investment property and increasing it to 3 units and would like to get feedback on which layout would create the greatest return. Scenario 1 is to have a 3bd/2ba, a 2bd/2ba, and a 1bd/1b...
Do lenders typically use net or gross rental income when calculating DTI?
I'm requesting feedback on my numbers, please:
Duplex @ 100k, Financing with Investor Mortgage w/25% down, Balance @ 5% on 30yr. No rehab required, currently rented, gross both sides @ 1300/mo.
Cash Invested (Down ...
Hi I'm looking to purchase a 14 unit property that is producing solid income. 500k value. 100k down. My net worth is about 30% of loan amount, can I get a commercial mortgage? Or do I need to look elsewhere?