Shawn-Karisa Shaffer
Can your Tax Return limit your borrowing power?
Hey BP community...I'm fairly new to the site, but been part-time investing for a few years. I have always done my taxes on my own (via TurboTax), and never seemed to be a problem. I admit I am not an accountant, but ...
Spud Davis
BRRRR - MN Borrowing against the appraised value - Lenders
Hello, I am looking at rehabbing/putting money into a investment property. My question for those in the twin cities who BRRRR, what lenders are you using the borrow against the appraised value of your property? As I...
Michael Hayes
Buying Seasonal Vacation Rental with All Borrower Funds
I am looking to buy a seasonal investment property on Cape Cod where many people are making $100k plus a season. I know the market up here fairly well, so even though it may not be the best ROI it's something I'm comf...
Paul Winka
1098 to borrower for S-D IRA interest?
I have a self-directed IRA. I collect interest on loans made out of that account. Does the custodian or I have the requirement to send a 1098 to the borrower? I should at least keep track of that and let the borrower ...
William Coet
Borrowing Against Position in Syndication as Limited Partner
I'm considering becoming a limited partner in a syndication, but want to be able to borrow against the equity in the property. Is this possible? Is it difficult?Thanks!
Yan W.
the maximum amount I can borrow from bank
Dear wise members,I'd like to buy a 2nd property in the city and will rent out the 1st suburb one if needed. Will the new mortgage depend on the 1st one already having stable rental income for certain amount of time? ...
Chris Houghtaling
Borrowed money from friend to buy a foreclosure
I live in Miami Fl. I currently rent and live in a home that is in foreclosure. The final summary judgement of foreclosure is in 1 month. June 5th. i guessing a sale date of early July. (short sale is out) I have been...
Russ Sheard
Appraisals and borrowing with future shared parking requirements
My spouse and I are actively developing 2 acres . We are subdividing into 5 parcels with initial construction being a $6600 sq ft retail facility my spouse will owner occupy with her floral gift shop business. The rem...
Matthew Wright
Does Owner Finance show up on "borrowers" DTI
If I were to be the buyer in an owner finance scenario, is there any way that would make it to my credit, in terms of it being visible as a debt? This is important, since there wont be any income in this case, to off ...
William Stinson
Borrowed funds secured by asset for down payment
Hello Everyone,
I am looking to purchase my first investment property (either a SFR or condo) in the Richmond area to utilize as a short or long term rental. I currently do not have quite enough funds to cover the 20...