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Hi everyone, I've been spending about two weeks deep diving into investment property. I've been told I can qualify and I can't by 10 different people. Now, I understand that living in the property is different than ...
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I have a couple concerns about single vs multiple LLCs: Is it normally better to put each rental in a separate LLC? This would cause extra bank accounts, filing costs and accounting fees each year; is it worth doing t...
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Hello All,
I'm new to BP, and I look forward to meeting many of you! I could use some help to figure out my next steps in this journey to be as successful as you all.
My journey started last year, April 2021 when ...
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Hey!! I’m signing my first BRRR property this week, and have a financial question:
If you get the deal with hard money loan, how do you refinance it after the rehab? I don’t think the hard money loans company refinan...
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Is it possible to refi a FHA loan and turn it to a conventional loan? And once this is done can I apply for another FHA Loan?
Has anyone used the velocity banking method? If so how did it work for you?
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This past week I went to a local meetup for real estate investors in Scottsdale and met a man who just bought a duplex. He was living on one side and renting the other which brought his mortgage down to $50 out of poc...
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I need some help calculating a potential Subject-to deal. Here is the info I have so far... Sellers Loan Amount $500,000 They are currently asking $799,000 as the purchase price. The property is a multifamily Quadplex...
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Hey everyone, have a question regarding my current owner financing deal. I was able to secure a single-family rental from an FSBO who was willing to finance with me. Got all the title work done and had a legal mortgag...
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The bank is giving me a difficult time with financing due to my DTI, which isn’t bad, but it seems very high because my job doesn’t include a breakdown of overtime on my W-2. Has anyone else had this issue? What do yo...