Christopher Freeman
Maximum Allowable Offer Math Problem
Okay, here's a doozey.Given: Rate and term on a first lien mortgage, rate and term on a seller second, composition of capital structure (e.g. 75% commercial mortgage, 15% seller note, 10% buyer's purchase equity), net...
Trent Otts
Left for a while to pay off debt, now I'm back and I went Pro!
Hello BP Family,I joined last year shortly after stumbling upon the Bigger Pockets Podcast, bought some books, considered going Pro, read Set for Life, and decided I'd pay off some debt first. Well, I'm back! I paid o...
Gabriela Esposito
I have an a property under an LLC. How is personal DTI affected
Hi everyone, I have an investment property under an LLC in Ohio. I am looking to purchase my first primary residence in California. Does the investment property affect my personal DTI if it's under an LLC and not my p...
Dyanne C.
High DTI - 30k Cash
Hi everyone,I have a mortgage on my primary home for about 90k and it is worth about 110k. I only put 5% down because I wanted to hold on to the cash for future investments, it's luckily appreciated a bit which is how...
Douglas R.
Using a 1031 as a down payment
Hi, everyone. This is just to get a sanity check on an idea. After paying off the debt owed on a property I will be getting $7.6m in six months and am considering using that in a 1031 Exchange as a down payment on a $...
Chris Martin
Short holds in SDIRA and what is considered a "business"?
It looks like "flips" in a SDIRA are subject to UBIT. But rental income is not subject to UBIT. What about gains on the sale of rental property? From http://www.nuwireinvestor.com/howtos/how-to-keep-your-self-directed...
Steve Schulman
Maxing out credit cards for rehab?
What’s up everyone. Looking for advice from those who have utilized credit cards for rehabs. I just closed on a two-family with a 203k loan— the banks money should cover a majority if not all of the first unit rehab a...
Jeremy G.
Good deal or am I missing something?
looking into getting a dscr loan 80% ltv.$120k down paymentDebt service PITI will be $4600/mo Gross rents $11000/moratio of 2.39My credit is 750 Unless im missing something, i should be able to get a DSCR mortgage on...
Jeffrey Guarino
Cannot find info anywhere about DSCR cash out refi - Pls help
I purchased a single family home for $50,000 cash and it is currently rented for $1000 per month with an annual lease. While I wait for interest rates to come down, and for the property to season 6-12 months, I'm tryi...
Jacopo Iasiello
Probate + Loan
🇮🇹 ❤️ 🇺🇸Thanks in advance My question is regarding probate. If a single person (divorce and with 1 adult 23 year old daughter ) dies in Florida Broward County and I have a promissory note against him , will the pro...