Megan Lamke
Financing options for our first investment property
We are looking to purchase our first investment property. My husband is hesitant to do a cash-out refinance or a HELOC in case the value of our home doesn't say high. How have you reassured first-time investors? Alter...
NA Ken
Investment Property loan
I was denied a loan to purchase an investment property using quicken loans. They said the property value must be greater than the loan amount, have a low income to debt ratio, and have enough reserves.
The property ...
Levi Benton
Approaching my first property a little different
My wife and I are looking to purchase this fixer upper for our PRIMARY residence as our first property.We initially wanted to do a house hack but this opportunity came up. The home is about 50% higher then what we wer...
Sean Ruggiero
Tax Question: Anyone pumped up AGI for a Re-Fi and later ammend??
Hi, I am trying to refinance out of a bridge loan and am pushing to meet the mark on income. My CPA suggested I use my W2 and my Rental Income and basically not claim much if any of the tens of thousands in expenses t...
Bill D.
Commercial Loan with multiple people on title
Hey there... I am trying to head off a potential family meltdown and hoping someone can give me some good advice. My parents personally own a piece of commercial property in Orlando FL and they also own the business t...
Kurt Grossman
Should you raise rents after you buy?
A 6-Unit property just purchased and the rents are low but the tenants are good. Did not want to raise rents but now that I'm trying to refinance the lender says it doesn't "Cash Flow". Would you raise the rents or sh...
Shannon Mease
LLC with multiple partners and mortgage in personal name
I am a partner in an LLC with three other members. This is our first venture into real estate, and unfortunately banks won't loan to a new LLC; therefore, one of the partners is going to place the mortgage in his nam...
Matthew T.
Income to Debt Ratio too high
So I recently purchased my first investor property (single family home) which was really exciting, we got it rented quickly and the numbers are all where we want. When we had been talking to the bank originally they m...
Angela Zanti
How BRRRR works when you have equity in a home you live in???
Hi! I guess the easiest way is to explain my situation now. The house I live in with my hubby and kids is titled in me and my dads name but the mortgage is in my dads name only. We have lived her for 15+ years and hav...
Tony Pellettieri
HML/DSCR for BRRRR Scaling
We are currently in the process of preparing to close on our 3rd Investment Property. Originally we planned to Fix/Flip/Sell houses in our farm area using all of our own cash. We are now looking into HMLs for Acquisit...