Anthony Spencer
15% Down DSCR Loan Specifically for STR
Can anyone recommend or underwrite a 15% down DSCR loan based off short term rental income? I'm looking for a 30 yr Am, and someone that can close fast enough to be competitive in a hot market. No prepayment penalty w...
Manuel Angeles
Lending Property Owner Funds for Renovation, Then Split Profits
Hello,I have homeowner looking to sell his home.He wants me to loan funds to renovate the home, then we split the net profits over his asking price 50-50.Has anyone here done a deal like this?What is a good way to str...
Brandon Gamblin
Turnkey investments and note buying?
What is a turnkey investment? What is a turnkey project? Are these two the same? Or are they different? And I know its an alternative to buy and holding properties but could someone explain to me also how "buying n...
Ricardo Nunez
What is the best way to structure equity deals with partners?
Hey All,
First time caller, long time listener.
I have finally decided that the real estate market is the direction I want my life to go in. I took the first step by buying a home cash 6 months ago. Unfortunately, I...
Jason Riddle
Owner Financing Questions
As I understand it, owner financing is a way for the buyer to purchase a property, without having a bank involved. Instead, you take out a loan from the seller and pay them instead.
This leaves me with some questions...
Emily Wiu
Help! Underwriter extended closing the day of closing!
My loan officer (not Penny Mac employee) is working with Penny Mac to secure me a loan on a primary home purchase. We started the process in late March, and we always provided everything they requested within 24 hours...
Rye Simonett
Financing Multiple Property’s
I’m always seeing forum posts about people having more than 10 property’s or maybe somewhere closer to 100! That’s crazy! But the first thing that comes to mind is, How do they finance all of those deals?? Doesn’t the...
Alfredo Burgos
Can I owner finance if I do not own the house?
Hello BP community. I have a question. I have a vacant house (tenants just left in the past month) with a loan on it. I would like to sell the house more creatively. Can I owner-finance the house to someone if I still...
Jordan Moorhead
Solo 401k questions?
Who do you use for a solo 401k? I’m looking for more tax write offs and an account I can use to invest in syndications.
Allen Chu
Buyer's Bank Asking For Seller's 1040 Through 4506-T... Weird?
A friend is about to enter escrow as the seller in a business&commercial property sale. The buyer has already submitted the earnest money and signed the escrow documents. The seller is in the process of reviewing ...