Joe Xie
Should I pay all cash or take an expensive loan?
I am buying a rental property as Tenancy in Common (TIC) at Bay Area and getting a 250K Fractional TIC loan. The close cost of the loan is close to $6500 including everything which is look high to me and the rate is 4...
Shain Cannon
Washington state 3 day eviction possibility
Oh boy, where to start. First timer here (possibly need to evict), please read the whole post, consider all potential's and discuss. Thank you! And yes there are 1000 red flags I know, we can get into my decisions to ...
Naveen Kumar
LTV on rate and term refinance
I have a quick question on rate and term refinance:If I buy a 100k property with a private mortgage of 90k, and the property appraises at 100k, will the bank be ok with a rate and term refinance loan for 90k, or will ...
AJ Randle
Analyzing Potential Deal for Buyer 26% Return Lubbock, Texas
Okay BP, I need a bit of reasoning to supplement my analysis. Here is what i have from a lead that just came in. Backstory: Property Owner is a single mother who just lost her husband and is a single mother of one chi...
Richard Choi
Setting up legal business entity - Tax, Legal & Accounting considerations?
Hi All,I am working with a business partner to invest in real estate. Our near-term strategy is probably best described as BRRRR single family residential (detached SFR). We are currently in the planning stage, but ho...
Elizabeth Perez
Loans for self employed?
Seeking Advice: My husband and I own two SFH and rent them out for $875 & $1000 a month (we sent out $25 rent increase notices last month). $900 & $1025 is our new cash flow not accounting Taxes ($1000 a year ...
Ken Rishel
Chattel Lending on Manufactured Homes and SCRA
This is an excerpt from a client report:Many chattel lenders are under the impression that SCRA does not apply to them based on materials published by HUD in which HUD disclaims any authority over the chattel lending ...
Raymond McGill
Personal Finance - What should Bob do?
Bob is an excited 30 year old wanting to buy his first apartment building, and found a smokin' hot deal. Bob wants to sell his two SFH to generate 140k so he can buy a $70k Apt building and fix it up with $50-$70k. AR...
Jeremy Cohen
How To Buy Your First Home & Investment Property Simultaneously
Hey, BPHope all is well!I am fairly new to the RE world & I'm looking to purchase my first Buy & Hold / Investment Property simultaneously while also building my own startup using a similar method for commerci...
Jennifer Fernéz
Details about Commercial Loans
Hi there,
I was recently looking at an FHA owner occupied mortgage for 1-4 units. My lender said that we could count 75% of the rental income towards income towards my debt to income ratio.
However, I recently cam...