In the past, you could buy a property with cash in an LLC, rehab it, and then just before cash-out refinancing, transfer it back to your personal name to conform to Fannie/Freddie guidelines and get a traditional loan...
Hi all,Like the post says, I am looking to purchase my 6th buy and hold property, but with the rules for a traditional mortgage (6 months PITI per property + 20% down), I do not have the funds (130K) to qualify for a...
Hi,I am interested in purchasing a rental property with a 30 yr mortgage. The rental property is $85,000. I also carry a personal loan of $277,000 that is on a 5 year note, has 3 1/2 yrs left. I have never missed a...
What metrics, formulas, and online calculators have all of you found to be the most helpful when looking to house hack? For more detail, I am looking to house hack with a 3.5% FHA loan next year or the year after sin...
Hi, all. If securities are transferred from Roth IRA account to a traditional IRA account, is it deductible as if they are new funds being transferred in? Thanks
Hi all! I currently have $54,000 saved up should I continue saving for brrr (the reno cost) or should I go with a traditional loan and rent it to tenant. Of course in both cases I will look for great deals, but I can'...
While currently having a post tax Roth IRA and Pre Tax 403(b), I've always been more keen on the Roth and contribute more to my Roth (a lot more). But, the more I'm learning about taxes and brackets in retirement the...
Hi Folks,I have a four family that will have a new roof put on in the spring. Am I crazy to think about a metal shingle roof vs. traditional shingles? I expect the metal will be 2X, but the ROI is in the life of the...
Hello everyone. I am a relative newbie to BP.com and have been reading a lot on how to identify and analyze a good deal for rental real estate properties. My question has to do with how those of you more seasoned in ...
Finally pulling the trigger on my first post! I have been listening to the podcasts and reading every book I can get my hands on, so I will admit that this post is partly to start the clock and give me some accountab...