Salvatore Giancola
Land transfer tax in Ontario
I currently own 2 rental properties.When I purchased them I had to pay the land transfer tax. Because they are investment properties I did not get this credited back to me.My fiancée and I are buying our first primary...
Brandon Sturgill
Covering Rehab Costs
I currently have a FHA loan on a primary residence and am looking at a second property for rehab/resale. I have a lender (a local bank) willing to work with me on some pretty favorable terms, but from my initial resea...
Amy Parra
Will a hard money loan affect your debt to income ratio?
I plan to use a HELOC to buy my first property with cash in order to BRRRR. I'm wondering if this will affect my ability to refinance the property since it will give me a higher debt to income ratio.
If I use hard m...
Steve K.
Tax Filing on Foreclosed Rehabd Primary Residence/Rental Property
After a long wait and patience, I purchased new home in our new home state of PA. Long shorty short, after going thru a long mortgage process, wasting 3 months and paying HUD extension fees, we decided to go for a cas...
Chris Hiser
BRRRR holding costs how do you pay for them
New investor and new to BRRRR, I understand the principle of this process but the one thing I can’t seem to figure out or maybe it just me, is how do you cover your holding costs? In the purchase phase you typically b...
Jay Yoo
Close a deal in TWO days
Hi all, hope you all had a good safe Christmas. It's been a quite year in 2020. I was hoping to pick up your brain on a deal that I was working to close in two days. Title company said they can close it as long as cas...
Myra J.
Question about BRRR? (Refinancing)
I would like to buy a property using a HELOC from my personal residence. I want to do a cash out refinance when I finish the purchase and repairs. When I apply for the refinance, will the bank want to see that I had t...
Felipe Guerra
Trading up rental properties
Hello,This is my first post -I'm looking for advice on wheather to sell muy current multifamily properties that I started buying in 2011 to trade up for new rental properties. I bought my first rental property (3) apa...
Luke Turner
House hacking. What next? Flipping or B&H
Hello everyone!I'm currently in the middle of a house hack. It's a single family with 4 beds. I have the other 3 bedrooms rented out.Since May, I've been rehabbing the house, mostly doing my own work. Once it's fully ...
Marcell Z.
Creating a Mortgage Note
Hello BP community and thanks in advance for any advice provided.I'm helping a client purchase a home and they will be receiving 100% of the purchase funds from a family member. We need to create a mortgage note to p...