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I have a unique private loan from someone who has put stipulations on my land use. He has built into the loan terms that I cannot sell the property, subdivide, build or really do anything to the property until there h...
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Hello BP folks,I read online that there is a half-year depreciation convention regardless of when the fixed asset is purchased and wanted to get confirmation that it would apply to real estate investment as well. So i...
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Maybe I'm nitpicking, but I'm applying for a DSCR loan and this is the second broker that is marking it as "Conventional." They say its because there's no "DSCR" block (true) but why not mark it as "other"?? My conce...
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Is it possible to use a conventional loan to finance a property won on an auction? I’m preparing for an auction where I don’t have the cash to purchase a property from an auction. It’s states that it is a cash only a...
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Hello all,
I've come across a deal listing that has a forrplex and a home in one listing. Can I use a conventional VA loan on this. Appreciate you insights.
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Hello, I am new to BiggerPockets and have done some research through the forums as well as listened in to the podcast. I am formulating a traditional house hacking strategy for the upcoming year, preferably in the Arl...
Hey Guys, Learning as much as I can before I start flipping homes and had a question about getting a conventional Loan from a bank to flip homes. Is this legal? Is there a better way? thx again
Hey Guys, Learning as much as I can before I start flipping homes and had a question about getting a conventional Loan from a bank to flip homes. Is this legal? Is there a better way? thx again
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Tell me what you would do.I am buying an STR and can pick between two lending options right now. I will detail both.--------------------------------------------1. The commercial loan: Borrowing $135,000 at 4.875% for ...
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Hey guys, I need your help clarifying something. Every time I listen or read something that relates to BRRRR, I see where it essentially says that it can’t be accomplished if the original financing is a conventional l...