Heather Little
Real Estate Professional Status Qualifications
I left my corporate job last year to stay home with my daughter and focus on our real estate business. I'm trying to determine if I can qualify as a real estate professional. I know you need 750 material hours per yea...
Jorge Ruiz
When Delayed Financing Fails...
Hello BP! I am in the process of obtaining a HELOC. My strategy is to use it to purchase properties cash ( I am looking for duplexes or anything that is 2-4 unit as opposed to SFR in Milwaukee) using the HELOC and the...
Page Weil
How is DTI calculated and when am I safe to buy another door?
How do underwriters calculate DTI when I have several leased rental properties? This may seem like an obvious question, but my last experience is that there is more to it than [rent payments] - [PITI] - [1% repairs]I...
Brett Dudley
Switch Title to LLC, but keep paying mortgage from my account
Hello everyone, I recently bought my first investment property (Indianapolis). Currently the property is in my name and I pay the mortgage/expenses with a separate checking account also in my name. I have seen many ad...
Patrick Torres
Question for Lenders Re Mortgages
I appreciate any lenders taking the time to read and respond to my post. I work with multiple local banks who underwrite differently, please consider the specific set of facts that I provide for this hypothetical. I...
Christopher Drotzur
Owner occupied duplex, trying to buy SFH
I’m sure this is constantly asked, but maybe I am not searching correctly for an answer.
Currently owner occupy a duplex (4 years), with the current rent covering the mortgage. Current tenant agreed to a new lease in...
Martin S.
Just to verify BRRR, how much can you qualify for?
So say you have a couple of properties and they are leveraged out. Banks seem to count 75% of rental income AFTER expenses right? So if income for a property is 2000/month, they count 1500 minus mortgage, tax and insu...
Jeremy H.
buying primary residence with addition that can be rented?
It is not a investment property, it is primary residence mortgage I want to apply for.When I looked at some houses with addition (permitted, not garage convert type) that has a separate entrance that could be rented ...
Jessica Yoo
Bonus depreciation on ADU (REPS status)
Hello, We are new investors and would love your input. We bought a duplex with a sizable garage/hobby space that we would like to convert into an ADU. We are trying to get everything done this year so that we can stil...
Marcelo Reyes
About conventional mortgage?
I have a question can I get 3 duplexes with a conventional mortgage?