Joseph Nguyen
Lowering DTI via SFH
Hey all,
I'm new to investing,. I currently already have a primary home, SFH, in which I rent by the room. I was wondering if I acquired another SFH via traditional investment loan, and either rented whole house/by ...
Account Closed
Frustrated with banks. Tips on raising capital to purchase rental
Hey all, I have been trying to get a loan for my second rental property and it has been very frustrating to say the least. I cannot go through a bank to get a mortgage. I am currently unemployed, but I have multiple s...
Account Closed
FNMA limits
If I have a FNMA loan as a co-borrower, does that still count toward my overall limit of investor loans?
Is there a "catch" if I own my properties in an LLC?
Jessie Creighton
Multis after the first year
Hi Maine people, Here's a silly question- say I'm going to purchase a move-in ready retail-priced duplex to live in. After the first year I decide to move out, say it cashflows but only slightly (200 a month?). Will I...
Benjamin Swicegood
Renting my house out to buy another house.
Hi BP question... If I am currently renting out half of my downstairs in my home and thinking about renting the rest of house approx 1400 sq. feet would I be able to use that money to help finance another house. In ot...
Jeanni Prescan
Pennsylvania eviction law
Hi all lanlords from PA. I need to get some info regarding PA eviction. 1) does the countdown from the 10 day notice begin on the date the notice was posted? 2) Are weekends counted in that countdown?Thanks!
Thomas Hickey
Current seller financed house vs. future mortgage?
Hi All!
Wondering how a home purchased through seller financing on a promissory note would come into play when qualifying for future mortgages?
1.) would I have to notify future mortgage company of loan?
2.) would th...
Luke Mccandless
Loan Approval with another house on my books
Hello. I am trying to get a loan to buy a house or duplex and I am having an issue because I bought a house with my sister 3 months ago and I am being told the whole amount will need to count against my DTI even thoug...
Chad Clanton
Does the money invested in a still-owned flip from last year count as a tax loss?
It's my understanding from reading here on BP that flipping is taxed as income, not capital gains; as such, would the money from a flip I bought and started last year but which is still owned count as a loss for la...
Chi Zhang
Material participation while managing renovations at a remote property
Hi BP, I’m in the process of renovating and setting up my first short term rental. The property is about 3 hours drive from my primary residence and I go there once or twice every week to work with my contractors to c...