John Horner
Am I protected by an LLC if the mortgage is in my personal name?
I currently have 1 rental property but looking for 2 more in 2014. I have a conventional mortgage on my current rental. I was urged by my RE lawyer to start an LLC for this property for protection. I live 2 hour...
Pablo Mendez
Lender credit on an a personal mortgage? Will pay it off in 5 yrs
We are buying our first home. This will be our primary residence. They offered Lender Credit to lower closing costs up front but end up with a higher interest rate. Have not gotten the exact amounts yet. Loan will be ...
John Jacobson
Impact of personal loan on mortgage application, if I already have down payment funds
Hi everyone. I am looking to buy a $500k property, and I have over $100k in savings (i.e. the 20% down payment). Will taking out a personal loan (to pay for some renovation work that I need completed shortly after I c...
Victoria Carlton
How does the refi of BRRRR impact your chances to get a personal mortgage?
Does it make lenders wary of giving you a loan for your personal home purchase?
Michell Chase
Can I refinance my personal conventional mortgage into a DSCR owned by my LLC?
I am currently working on building my RE portfolio. As a beginner, before learning about all different types of lenders, I purchased my first investment property under a conventional investment mortgage in my own nam...
Jasmine C.
Nevada llc with land trust
hello. I spoke to a lawyer who says I need to move my passive investment homes to a Java fa llc and each home should go into a land trust. I have my homes in an llc in that state then my llc in my home state owns that...
Kirkley Cain
How to set up first commercial financing?
Newbie here! Looking for advice. I am trying to figure out the best way to get started out of state investing as a complete newbie. Assuming one has - $30K set aside for down payments, no debt , strong W2s, FICO over ...
Joe Monaghan
Property Type
Hi all,
I've been watching this site for quite some time but only recently registered, so I can say I'm pretty new here. I am planning on buying my first investment property later this year, it will likely b...
Peter Kim
What should I do with excess cash flow (after expenses)
I know this is based on the goals I have for my self but a general rule of thumb, after deducting expenses from my cash flow, should I
A) Use the extra $ and put it in the mortgage
B) Save, save, save to buy anoth...
Martin Brady
How to get money from a lender!?
Hi everyone.I switched from a W2 to a 1099 recently. I wanted to take out a 30 year conventional loan from caliber home loans. I applied to other banks also. I do not own any property. Credit score is excellent. 250k ...