I'm back again with another tax question for the CPAs here. I'm under contract for a 4 plex for $320K. I don't have the 20% downpayment, so the bank is financing me a $100K commercial line of credit against a rental t...
I am writing to seek advice or find a mentor to help me take action towards my goals.
To give you a little background:
I am 23 years old and married with a daughter and another child on the way. Currently, I work a...
Good evening All,
I'm trying to figure out if it's more beneficial to pay off debt to change the debt to income ratio, or use that cash for a down payment.
Currently I have $4,000 left on my vehicle loan. Would I be...
I've put an offer on a home that was accepted about a month ago. After providing all paperwork the underwriters asked for I'm about 53% debt to income. This was due to the fact that they had my rental as a primary. Af...
Hi all!So I posted before, and I think it's obvious I don't know what I'm doing yet, but I'm trying to change that. Currently I am employed full time and last year made 80k. This made me mad because with that income I...
Any recommendations regarding information pertaining to debt management? The more I read and listen to, the more I realize there are multiple approaches to debt management. The predominant minset I've carried most my ...
Looking for a specific bank / credit union that will provide a HELOC on an investment property in the KCMO area.Not having any luck finding anyone that will provide this product.Specifically, I have three properties, ...
Has anyone worked with DSCR lenders providing this kind of product? I see a lot of 70-75% LTV, but I thought I would ask.Thanks in advance!
Have been in a less than ideal situation, and hoping for some advice that maybe I haven't considered regarding a strategy to use for getting a loan or maybe where to look for different lenders. Happy to provide more d...
I'm a newbie. I have $20k set aside. My original plan was to use it to pay off debt. Then I decided to get serious about real estate investing, found bigger pockets and learned a little about leveraging money.So for...