Edgar Diaz
How to show down payment when applying for loan
Do I need to prove that the money I have for a down payment came from income reported or can I say that I got it as a private loan? I am going to apply for a mortgage pre approval but I don’t know if I can show the mo...
Cisco Gutierrez
How Common are Down Payments to Apply for Loan
Hey BP, I have seen some people have been asked to give a down payment just to apply for a loan (in the last conversation I had , it was with an investor who needed a commercial loan) How common is this and why is tha...
Chuck Schmidt
Cost Segregation for SFR, and does Bonus Depreciation apply?
Looking at some SFR homes to purchase, in the $140K range ( 1 story, brick ranch, garage, 3br). Providing all the usual calculations work out ( rent, expenses, management) I have a few more questions on how to help my...
Jay Ben
How can I apply cost segregation to my proforma?
does anybody apply cost segregation depreciation in their financial model? Is there any way to do it without having an actual cost seg study done first or could I use a general assumption?
Tyler Eastridge
Reporting private loan when applying for a conventional mortgage
Good evening,I currently own 1 investment property that is financed through a private loan with a promissory note. There is another property that I am interested in and I am looking to use conventional financing. My...
Jacob Beemer
Checking Credit Score before applying for an FHA Loan
Hi everyone, I am going to be applying for an FHA loan here soon. My question is should I get a credit report before I go and apply? Or have the bank run it? Also I was reading about AnnualCreditReport.com. Is that a ...
Anish Arora
guy with son applied for rental with his GF
Guy came with his son and GF and filled-up rental application. Guys salary is 3X rental but GF is only 2x. Credit score for each is 600+. My fear is if they break-up then GF can't afford rent by herself.What should I do?
Elena Pech
Is Depreciation apply to rental house built in 1967?
I just bought duplex built in 1967. Is depreciation applicable to this house? What are 27 years? Is it since I started renting or since the house was built?
James Peters
J Scott estimates don't apply to painters in California?
I am in the midst of a remodel for a property in Long Beach, CA. It is a SFH, one story, 1480 sq ft., 3bd, 2 ba, with a detached garage. Working with a GC for most of the work on the bathrooms, kitchen, and replacin...
Account Closed
how do you apply the $100/door policy investing?
I understand that I should shoot for atleast $100/door after all expenses. how is thie calculated though regarding principle and interest on a loan? im looking at an 8plex and does the $100/door count if the principle...