Josh Oates
Buying Parent's house / Owner financing / Renting back to parent
My wife and I are trying to buy her father's house, move in and he would continue to live in the house and pay us rent. First issue is he is now divorced and ex-wife is still on the title and is entitled to half of t...
Laura Winegardner
Factoring potential STR income into budget for house hack?
Hi all - I hope to start my REI journey with a house hack in Nashville (live in basement/smaller space with separate entrance, Airbnb primary living space). I've been told that it will be difficult to find a property...
Jacob Thorpe
Pulling out equity, HELOC, other stuff
Hello all, I have a property in DFW that I have a hm loan on. Due to a serious of misfortunate events I am in default now. I owe my lender about 8k. Right now my debt is sitting at around 154k (8k outstanding intere...
Kim Kelly
Where to Start with 75k Cash & 850 FICO score?
Hi all! New to REI here, so any input or feedback is very appreciated! I currently have a 3.75% 30 fixed mortgage on my primary home, and looking to dive into my first investment property. I'm looking into multifamily...
Mario Arellano
HELOC option for our next investment purchase?
Hello Members, I would like to ask for your experiences/stories/advice on HELOCs. We have 2 rentals with a large amount of equity and a cash out refi on one of them fell through b/c the property is no longer our prima...
Erich Martinez
Colorado Double Closing - Handling Reserves
I'm working on two real estate deals and was pre-approved for both (a Single Family Home (SFH) and duplex). I've gotten appraisals on one property and inspections passed underwriter final review on the SFH. On the d...
Joe Evans
Buy home + spend all savings OR rent apartment + keep savings?
I'm currently renting and recognize that my money is better spent going towards an asset. I have a modest amount of money saved up that, if paired with an FHA loan, could land me a home here in Austin, TX!My dilemma: ...
Austin Henry
Financing for Young Construction/Architecture Professionals
My partner and I are looking to buy our first home here in Seattle and need help finding financing for the purchase. Specifically, we are trying to find financing for a fixer-upper home that would not qualify for a co...
David Ashworth
1031 exchanges / Tax deferment
I hold land personally with my wife that I am selling and at the same time I am purchasing my first str. The str will close before the land sells and then I would like to recast the loan to pay off a portion with the ...
John Taylor
What would you do in my shoes?
Hi everyone.I have been lurking here for quite a bit and I am ready to dive into buying my first rental property. I am in a thankful situation where i recently finished school and have a steady income of 250k annually...