Kenny Lincoln
How To Understand Reserves Needed for Financing
Looking for feedback about the following scenario, thanks BP. Plan to sell an investment property and receive around $215k. I would like to use a 1031 exchange to leverage all of this money. I’m trying to get an under...
Sam Stabler
DTI Question for Underwriter- HELOC's
Hi Guys,How do underwriters calculate a HELOC on the DTI calculation during a 10-yr draw period?1) Do they include the actual Interest-Only payment reported on the Credit Report?2) Or do they term out/fully amortize t...
Eric Bueno
3rd party credit line?
So through fortune builders I was set up with Nevada corporate headquarters. I had a phone meeting with a gentlemen that is setting me up with a business plan and with a credit line for my LLC that will put my busines...
Christopher James
30% Federal Tax Credit for INstalling Solar Panels
I recently read an article that there is a 30 % Federal Tax Credit for installing Solar Panel. Does anyone know if this is also available on investement properties?
Anthony Shui
Bought my first house / primary residence. Advice for managing househack expenses?
Hey folks! New here, just bought a 4 bed 2 bath as my primary residence that I'm currently remodeling into a 5 bed 3 bath before having some tenants moving in with me.Current thoughts:1. Black Friday / Cyber Monday de...
Jennifer Baldassari
"Input SSN is not likely issued prior to June 2011."
We are placing our first tenant and used Avail.co to run the criminal, credit, etc checks. Everything on this prospect's reports came back super positive. The only questionable item is under the Credit Report there ...
Nathan Frost
Business Line of Credit (Who is best)
Hi, I have about 13 rental properties likely 14 by end of the summer. Where is the best place to apply for business line of credit say 30-70k. I don't need it immediately but likely in case of emergencies or vacanci...
Sam T.
Anyone here ever open enough personal LOCs to fund entire deals?
I'm considering a strategy of applying for and (hopefully) opening multiple personal credit lines totaling at least $100k, and using them to fund 100% of my rental purchases & rehabs. This would be as an alternati...
Renee Lee
Tax’s vs Equity - would it hurt to much?
My questions stem from velocity banking...1. I know there is a tax deduction for writing off the interest on an investment property is it dollar for dollar?2. Let’s say, an investment property has a mortgage and ...
Paolo Ruggieri
Line of credit
I listen to a speech saying you can apply and get mutiple line of credit simultaneously ... UnsecuredAnd that while it is illegal to get mutiple mortgages simultaneously on the same property, it is totally fine gettin...