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Wanting to understand how the interest part of our income (partnership LLC) for short term loans- mostly fix & flips, are considered for tax. One accountant said it’s not subject to self employment tax since it’s ...
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Hi Folks,Hope to hear advice on possibly doing a cash out refi on one of our rentals here in Texas. Looking to pull out funds to pay off the last of my daughter's tuition. Anyone have any information on the following?...
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What do I need for a bank to approve a loan?
How much impact does your credit score have on commercial loans for multi family? Also where are the best institutions to
Start looking for Commercial loans
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I’m getting close to finishing a brrrr I’m doing in Atlanta area, I will be needing to do get a dscr loan does anyone know the rates of that?
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I'm working with a partner in an effort to acquire 8 properties to buy, fix and hold. When the same private lender is providing the funds for property acquisition and the estimated 3 to 4 months rehab costs what are t...
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Hi.I am set to borrow 130k to buy and rehab a property at an 11 percent interest rate (I only have to pay the monthly interest and closing fees) from a private lender. I expect the home to appraise at 170k-200k in 6 m...
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I'm sure this question has been asked a hundred times, but I recently purchased a duplex in May with a 7.125% rate. Now that it appears rates are coming down in the near(ish) future, what is a general rule of thumb on...
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Hello BP!I am looking to implement the BRRRR strategy but I do have some questions. I have read multiple forums about other investors using future rental income to qualify for loans, I am wondering if it's possible to...
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Title says it all - how much do you, private lender, pay for attorney's to prepare your loan documents (contracts, promissory notes, deed of interest, etc.) and where are you located?