Ademola Dawodu
DSCR Loans and Personal Credit
Do DSCR loans used on property purchased under a business name show up on personal credit? I’ve heard that they don’t but then I’ve also heard that they can if you miss a payment.
Mike Hendrickson
Can I have a rental with a USDA loan?
I currently live in my house in SW Washington that I purchased with a USDA loan in 2013. My wife and I are looking to move out and convert our house into an investment property. Can we have a USDA loan on an investmen...
Kyle Rice
Do banks factor in trusts or LLC when running debt/income ratio
I have been applying for new loans to buy another property but my debt to income ratio is high because of my existing mortgage on a 4plex. If my 4plex was owned by a trust or LLC would I still have this problem since ...
David Bardwell
Bar / Tavern Tenants - Pros & Cons
I'm currently analyzing a property in a C grade neighborhood, where the 1st floor is a tavern and upstairs is 4 apartments. I would love to hear from any investors who have experience with this type of property--or an...
David Parnell
Refinancing when property is owned by an LLC
Are there any issues that I should be aware of if I purchase a property with a full-cash purchase into an LLC, with the aim that I will refinance it later? Will the mortgage issuer for a single family property lend wh...
William Daley
Best way to get cash out of investment property.
Hi BP,I have a single family home in Albany County, NY. I purchase it in December. The renovation should be complete this month. I paid cash for the property and renovation. I would like to keep it as a rental and pul...
Jake Kucheck
Obama- Not Sure I Understand
"Right now, Fannie Mae and Freddie Mac -- the institutions that guarantee home loans for millions of middle-class families -- are generally not permitted to guarantee refinancing for mortgages valued at more than 80 p...
Marty Summers
Where can I get a 30 year loan for a low interet rate?
Guys,We have a rental company with a duplex and 2 SFR's. Cashflowing 4420/month with 440k in equity. I need to find a 30 year loan for 220k on my LLC. I could swallow this on our duplex that's worth 260kCan anyone ...
David Albertson
Corporate rental
I had a lady call me this afternoon from a car dealership. She said that she was looking to rent a house for another employee there. I'm assuming they are moving this guy from out of town because they need the house "...
Joe Strickley
Triple Net Due Diligence
Is due diligence the same for NNN as for any other CRE, or is the focus on legal aspects of the lease? What happens if the parent/guarantor goes bust. Are landlords treated as creditors?