Travis Beehler
Drawing money out for personal things
Hi all!I have a few rentals at the moment all under my LLC. Everything is humming along nicely, and the extra cash is going straight into the commercial bank account I have set up for each property every month.We've ...
Neel P.
Will an SBA 7(b) Disaster Biz Loan prevent me from qualification?
I got approved for an increase in the disaster loan to my business (I'm self employed) by the Covid 19 Disaster Loan program. This is a 3.75% 30 year repayment loan to the business.
Because it was over a certain $$ a...
Sal Mazzone
Need advice on getting mortgage with no income
Me, my brother and father-in-law are just getting started in REI. We have two offers out on properties that we will be buying with cash. Our strategy is to purchase the home cash, rehab, then refinance them at the A...
Adrian Jenkins
Manhattan Condo and Co ops
Hi everyone! I am seeing how affordable condos are in Manhattan compared to downtown LA where I live. I had read about the exodus in NY and CA has had its own version last year.Some of the condos I’m seeing in the MLS...
Aram V.
Need Refi Strategy Suggestions
Hey Guys!I'm at a bit of a standstill, I'm self-employed and all the lenders I've called require past 2 yr tax return. I tried to have my wife apply for a cash-out but since my primary mortgage is on both of our nam...
Naveen Desai
Getting Mortgage when person had 2 foreclosures in PAST > 10 yrs.
Hello, One of my acquaintance reached out to me to help him with buying his home. The history is he has had a foreclosures in the past over 10 yrs ago. He also had another home that was lost due to a divorce als...
Jim Kalish
How can I combine personal mortgages into a single large loan
Hi BPs. I hope you will forgive me if I'm in the wrong forum but this is only my second post. I have mortgages on 4 properties, all of which are in my name. I've had these properties for 6-8 years. But I want to e...
Jason Rego
mortgage when you already have few rental but no personal income
I am in Southern Ontario, have few rental properties already and want to buy few more; my mortgage advisor said they are not able to finance any more; because my income does not support buying rental properties. No lo...
Account Closed
Mortgage broker says property must be in my PERSONAL name, what?!
I'm looking to branch out into buy and hold rental properties in my area. Found what looked like a decent deal, that is until my mortgage broker told me I can't get 30-yr residential mortgage because the property woul...
Jake Wakefield
Is Home Owner's Mortgage Applicable If One Person Is Living There
I want to get a home owner's mortgage because it will allow me to put less money down to obtain a property. However, my mortgage will have both my name and my brother's name on it.Can I still get the home owner's mort...