Bradley Stoddard
Down payment on a short term rental
Can I use a commercial business loan as a down payment on an investment property as a short term rental. My lender mentioned that any government backed conventional loan must be with your own personal funds unless gif...
Brandon Sturgill
Financing Multiple Properties and Reserve Funds
Does anyone have experience with this...are the Fannie Mae reserve requirements simply cash in a savings account?
Russell Thomas
Cash Out Refinance Versus HELOC
Should I do a cash out refinance or HELOC. I am in the final stages of a VA assumption, that was gifted to me by a family member with all its equity. The house is in San Antonio and is my stated, Primary Residence. H...
Tiffany Miller
Buying Grandma's House
Hi there! My grandmother owns a duplex that she wants to get rid of. She is willing to sell it to me for $60k. Both units need a lot of work (sound structure, but extremely outdated) and I'm currently awaiting a contr...
Michael Chang
Cash out refinance on new home
Hi all,I have what seems to be a unique situation that I'm having trouble getting answers for.I'm planning on purchasing my first property in a couple months. To expedite the closing process, my parents will be helpin...
Gregory Schwartz
Grandfather want to sell beach house
BP,Not exactly an investing question, but this is my go-to place for real estate questions, hope you all can help. My grandfather (80 yrs old) is realizing he's a little tight on money. As a result, he's considering s...
Jake Lefort
Just getting my feet wet.
Hello,I’m putting myself out here because well...I have nothing to lose. My name is Jake I am from Northern California. I am a full time father of 3 beautiful kids, husband of 10 years and full time firefighter. I’m t...
Tyler Smith
Buying a home for a friend and leasing to own
Hi BP,
Unique situation I suppose but I have a very close friend that went through a difficult time when the market crashed. I don't want to get into specifics but he has plenty of cash. We are very close friends/bu...
Taylor Chouinard
FHA loan on a 3 decker rental
Regarding the FHA loan, is there clever ways to come up the 3.5% down payment for a rental property? As well as closing costs, fees and considering the 1.5% rule. Also how much would be suggested to have for cash rese...
Michael Amos
How do taxes work if I receive money from a friend?
How would taxes work if I receive money from a wealthy friend who isn't a "Private lender", but just someone willing to donate cash to help me with a fix and flip. What forms should be given from me to them, or them t...