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...
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...
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...
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...
Marcelo Reyes
About conventional mortgage?
I have a question can I get 3 duplexes with a conventional mortgage?