Eric Dame
Triplex Investment Property Financing
I have a triplex under contract and have received the following finance option from my local bank. I have a longtime relationship with them and my credit is excellent. I’m going to pay cash initially because the tripl...
Ashley Russell
Logistics for first private money deal
We are doing our first private money deal so we can pay cash for a property up front, renovate and then apply for a conventional mortgage in our names and pay our investors back.
The investors are family. How should...
Anthony Smoke
Solo 401K loans - what are the limits?
So I have a Solo 401K plan where I am the trustee, since the IRS allows loans on the Solo 401K to the participant. I have some questions on the IRS rules for loans from a Solo 401K? Is there a maximum term length? (i....
Brandon Moss
How to get capital for a first project?
I want to get into a flip or a BRRRR as my first investment but I have zero to little cash ($5k). I do have about 35% equity in my home, which is worth around $190,000 based on comps. I have considered both a cash out...
Jared Schott
Long Term Rental by assuming loan; risky idea?
Hi folks I previously posted about a 5 bed 4.5 bath house for sale at 590,000 and has been up for 60 days. This house has an FHA loan that I can take over and all in it'll be 2k/month. however, the amount left on loan...
Angie Bryant
Re-Fi Advice in Free & Clear Property
Looking for advice on the best way to pull equity from my first investment property that I own free & clear. I recently rehabbed it with private funds and have a tenant in place and would like to pull equity to r...
Michael Swope
Seeking help for student loans
My girl friend is in student loan debt. She is having an issue with her student loans (federal and private) and doesn't see the light at the end of the tunnel and can tell she is lost on how to get out. She has a dece...
Pavel K.
Best HELOC Strategy for Buy and Hold Properties?
Hi all,I'm curious as to how some of you are utilizing HELOC and strategies when it comes to investing in buy and hold properties/rentals. Let's assume I will not use it for fix and flips or short term deals. Here's a...
Kathy C.
How to keep Credit score high while still buying homes
Each time I buy a home my credit score takes a hit. I'm trying to brainstorm ways to do minimal damage to my credit while still borrowing for more homes and increasing my debt load. What do you do ? Or do you just hav...
Rachel Murphy
Debt-income ratio too high for loan approval
Hello everyone,I recently got in touch with a mortgage broker so he could run my numbers and tell me what I could afford to purchase. He came back and told me that my debt-income ratio is already at 58% WITHOUT consid...