Paul B.
How can/would you structure a $100K loan from four unrelated investors ($25K each)?
I'm starting to look for private funding. Thing is, it's going to be easier to find people willing to put $25K into this product than it will be to find people willing to put in $100K or more.
If I need to borrow $10...
Greg Todrank
Setting up holding company after 10th LLC
Searched the forums, but couldn't really find an answer to my questions about setting up the accounting around a holding company.I currently have 10 rental properties / 10 LLCs. I have a holding company created and w...
Bill Fahmy
Revenue Sources on a Single Family Home rental
Hello everyone! I am new to the forum and real estate! We are in the process of purchasing our first single family townhouse (3 bed, 1.5 bath, 1,470 sq ft) which we are going to rent for $1,200 a month. I am trying to...
Clint G.
Getting funds when your DTI is too high....?????
I'm too new to try to use private money to fund deals. I'd rather not take that risk with OPM at this stage. Aside from owner financing, what other options do I have to purchase properties when my DTI is creeping up?*...
James Smith
Inherited two properties
Hello community, I have recently inherited two properties with challenges. The first home has no mortgage or lien, but has late property tax of about 1,700. The other home has a mortgage of 18,000 remaining and lat...
Nagesh Kakarlamudi
Using 1031 selling multiple properties and buying one property
I am selling 4 small properties and buying a single multi family and using 1031 exchange. The total funds from sale of relinquished properties combined is approximately $400k and purchase price of the replacement is $...
Dan Williams
Is this long-term strategy good?
Hello All,Goal: to provide a fatFIRE lifestyle at a typical retirement age. Currently, I'm 43 and my retirement age would be 68. My wife and I own 2 duplexes and 9 SFM for 13 units, we cash flow about $5,500 a month...
James Kim
Loan fees higher after four conventional loans?
Hello,I've heard the 10 mortgage cap on conventional loans but today I was told by a friend that after 4 conventional loans under your name the fees or cost of conventional loans increases. Is that true?When I questio...
Jonathan Joyce
Payoff HELOAN used to buy rentals?
Any advice here appreciated. In the last few years I took out a HELOC on my primary residence, used the funds for the down payment on two investment properties, then refinanced the HELOC into a 30 year loan (7/1 ARM) ...
Joshua D. Carlon
Business acquisition potential... make the numbers make sense
My first interest and drive at this point is real estate. All the research I have done up this point on investing has been 100% geared towards Rental property. I was approached the other day by a friend who owns a bus...