Lorenzo Decaria
Name on the mortgage but deed in LLC
Hi, I'm new to the forum and here's my first question.I just acquired a rental property and paid cash. I'm looking to refinance it once I deed it in my LLC name. I'm contacting lenders to have a DSCR loan and they see...
Nick Edwards
All savings are tied up in 401k. What options are there?
Hi all,I have a decent amount of money saved in my retirement. I am looking to finance my first owner occupied house. I will get settled in it and immediately pursue other opportunities while I house-hack. My question...
Chad Mitchell
FHA when roof need to replaced
Hi,I am trying to close on a small multifamily (fourplex) using an FHA. The roof needs to be replaced. Is it possible to secure an FHA if the roof needs to be replaced, or will I have to use a conventional loan?
Xiomara Davila
Looking for partnerships?
Hi :) I’m looking for anyone who is possibly looking for partnerships. Whether it’s in the rehab business, rental investments, Airbnb, flipping and/or wholesaling. I’m looking to get into real estate and stay they so ...
Barri Griffiths
Moving into a 4 plex using owner occupied financing
I've heard about many people moving into a 4 plex and taking advantage of owner occupied financing. And I decided this was a great way for me to add to my portfolio. So I started to look and also contact lenders to fi...
Kevin Simmons
New fix & flipper
Hello BP members, I am new to fix and flipping in the dmv area. I want to know about the taxes involved with fix & flipping. Do you get taxed on what you don't put into a second property or are you taxed on the wh...
Anoop Pillai
Buying properties with enclosed garages
Hi all,I was looking at a few properties in north dallas area and I am seeing a trend where more and more people are converting their garage to livable spaces - either additional living room or a bedroom. They then li...
Erica McCullers
Addendum to contract during inspection period
During my "AS IS" contract I found various things wrong with the property. Mainly the roof was the biggest concern quoted at $17k so I asked the seller to contribute. She agreed to pay money towards a new roof. So my ...
Blair Murphy
Do rate locks automatically extend or do we have to sign them off
Hi,My rate lock with Cardinal Financial is due to expire April 8th. Overall, this cash-out refi just doesn't feel right at this point and I don't want to be charged 0.125% for a 7 day extension. Does this charge usual...
William D.
Greenville SC Bedroom Community
Good Evening,My name is Will, I am from NYC and am curious about the Greenville market. I am looking to invest in a 3bd SFR in a bedroom community. What are the best rental communities in Greenville and is the 1% rule...