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If I buy a property in an LP, but have to personally guarantee, I would assume that would hurt my debt to income ratio, correct? Or does it only hurt me if the cash flow is less than 25% (I heard that from a fellow i...
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Knowing your options make better and more profitable deals
1. Hard Money Loans: These are short-term loans from private lenders based on the property's value rather than your credit score. They can provide quick acce...
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Some of you may find this information helpful if you have assets that you want to protect from creditors and liabilities. Consider using Wyoming Trusts.Here are some key features of Wyoming trusts:1. Wyoming offers a ...
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I have a unique situation wherein the property I want to purchase is owned by 5 siblings and they have all agreed they want the oldest sibling to sign everything on their behalf, so they want to complete a power of at...
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HEY BP!! I'm just getting started on my real estate journey. I've done a live in flip before I knew what it was but since joining here I've learned so much. I'm looking for some recommendation for some attorneys and I...
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This is a sample with a 4.5% rate 30 year fixed payment qualification includes tax and insurance and $500 in borrower monthly debt (car, credit cards...) DTI ratios at 43% after Jan 10 and 50% before Jan 10
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Hello BP,I'm hoping someone can give me a bit of advice here. I finally got what I thought was my first flip deal in Melrose MA. Here's the back story...I have an "accepted" offer from someone who I thought had power ...
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This is going to be a super simple lesson and you might say "duh" and, if you do, then I don't blame you. BUT, it's something I didn't do on my first two multifamily syndications (168 unit and a 250 unit) and I figure...
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Drone View: https://i.imgur.com/ArFkQIX.jpeg
#1 Front House View: https://imgur.com/a/5kodoaf
Looking to get a property and I was wondering if the houses I marked will have any issues selling or renting in a couple ...