Matthew Sarro
How necessary is a history of personal financial statements for a lender?
Hey everyone. I am reading through the "Real Estate by the Numbers" book now, and am still in the beginning where it discusses personal financial statements.For the past two decades I have been using financial aggrega...
Garan Kama
New BP member from SoCal (Los Angeles area)
Hey what's up all. My name is Garan and I currently reside in the Long Beach area of Southern California. I was born and raised in Hawaii and made my way to California after a short 4-year service in the USAF. I'm ...
Chris Mendoza
Why Is cash flow so important?
So I'm new to investing and plan on purchasing a house then converting into a rental after a year or two. I am just wondering why cash flow is so important, when there is still the loan pay down and appreciation as a ...
Corey M.
Renting out Primary residence or Turnkeys in CA
I live in CA where rents typically don't cover the price of a house/mortgage. I've lived in my place for 8 years and after a recent cash out refi, I pay about $2250/mo for my mortgage + taxes. If I rented it out, I co...
Jacob Lapp
Buying Second Multi-Family
Hey Everyone,I bought my first triplex last August with the plan to claim residency for the first year. My plan is to do this every year. Buy, claim residency for a year and repeat for the next 4 years. When I bought ...
Ryan Stevens
Simple Interest Finance Code Loophole in Texas
Hey guys,
I have been looking everywhere for info on how a simple interest loan could be used as a supercharger on rental property cashflow by paying for literally ONE DAY OF SIMPLE INTEREST PER MONTH IN TX.
A coupl...
Dean Bergstrom
DSCR, HELOC or traditional loan?
I have a free and clear, rented property I intend to keep for now, but want to get a loan to pay off another property's loan to 1031 it with no mortgage balance. Is the DSCR loan possible in this situation assuming t...
Cody Cavenaugh
Investment Property Loan
Hello, i'm looking to get a loan for an investment property in dallas but can't go the traditional route due to too high of a DTI and being a business owner. Any recommendations on how to get funds for property? Curre...
Chris Bounds
How Do You Compensate Your Acquisitions Manager / House Buyer?
With more leads coming in I am considering taking on an assistant. My first thought is to hire a buyer to train, assist with marketing, visit properties, and make offers. If you have buyers on your team, how do you c...
Krishna Shah
Cash out Refi/Purchase
Hi everyone,
I'm new to this. I'm helping my father expand his RE portfolio. He's obviously more experienced since he already owns one CRE property.
I have some questions.
He wants to stick to Bank Financing over ...