Tim Morales
Loans for improvements
I am planning on taking over my mom's house. I was thinking of starting an LLC and making my mom a member so she can deed over the title to the LLC. Then, I was hoping to take out a business loan to make repairs on ...
Gabriel E. Galloza
When it rains, It Pours
Hello BP Community, Hope all is well! I recently Purchased a Duplex utilizing an FHA. The Property is a fixer upper, and as I'm slowly fixing it, more issues are arising. when I initially Purchased the Property, the H...
Vonetta Booker
HELOC after a cash-out refi?
Hi guys & happy New Year! I just recently did a cash-out refi on my rental property at 75% ARV. Is it possible to take out a HELOC on the remaining 25% equity for a down payment on my next rental property? (The c...
Adam Mangrum
Seeking honest feedback on my plans to prepare to start investing
Hi everyone! I'm not sure which place would be best to post this so I'm posting this here and in the introduction section (this is my first post). I apologize for the length but I wanted to give a lot of background to...
Todd Ashley
Rental Exepsnes and Debt to Income
Hi all, looking for a quick overview of which type of rental expenses counts against your debt to income ratio and which do not? For instance, I am assuming that any utilities I pay are a straight expense, but what ab...
Chelsea Peyton Robinson
Using credit cards + other creative ways to finance investments
Hi all! Newbie here. I was chatting with my mom a few weeks ago about an area for potential growth where homes are currently under the $50k mark — a.k.a., an area that's ripe for a newcomer like me to invest. I could ...
Duane Richards
Funding Properties (personal vs com) while maintaining OZ status?
I created an LLC in 2019 to invest in an opportunity zone, and now those properties are getting ready to close. I need to get lending for these properties, but as I understand the OZ qualifications, the properties nee...
Chantelle Lewis
First time home buyers Duplex
My husband and I just purchased an owner-occupied duplex, and it’s completely vacant. We purchased in a desirable part of Los Angeles and got it for 200k under asking, so we already have some equity. Both units need a...
Clint Vonburg
Question on what my first move should be
So my situation is I just started Door Dashing full time this year in January. Which means I can't get any of your standard refinance loans because I get a 1099 as a basic business owner and I don't have enough time i...
Tiffany Shan
Loan collateralized by shares of an LLC that owns property
Hi-Seeking to give out loans to property owners who hold the property in an LLC (multi-member, if that's relevant at all). For anyone's who's done this...-Does it make a difference if the loan is made out to the LLC v...