Dolev Zaharony
Bank won't move forward with the HELOC
Hi all,I have 3 rental units and trying to get the 4th. We are looking to do HELOC on our main home and use that for it. My loans are in my personal name, but I recently transferred the deeds to my LLC. Since the loan...
Austin Bull
Gaps in employment: Securing Loan
I'm looking to make my first property purchase. I've been reading that most mortgage lenders require a 2-year history of employment. Does that mean in the last 24 months from now? Or the last two complete W-2 years? I...
Rachel Hezel
Advice on paying down personal debts
Hi, newbie here. One of the things I’m uncertain about is whether or not I should pay off personal debts before making investments. For example, in about 1 year both my car loan and student loan will be paid off. Woul...
Sean Crowe
Refi terms question - LTV 80.1%!
Hello,
I'm working on a refi for my primary residence. A lender has offered us a loan estimate (waiving the appraisal) and magically valuing our property at $555,555. The loan amount is $445,000. This puts the LTV ...
Jack Plantin
First time househacker with a few questions
Just bought a two flat (6 bed, 3 ba) in Chicago's Hermosa neighborhood. PITI is $2350 (FHA on a 380k house)
Wife and I will live in the 2nd floor unit and plan to rent out the 1st floor for $1500 a month. After expen...
Austin Walker
Debt to Income ratio
Is debt to income ratio important when doing the Brrrr method? Once you get a renter is that enough for the bank to refinance or is debt to income also considered?I currently have my own home in my name and a HELOC, ...
Mike Parkins
Investing With Student Debt: Should I Use an LLC?
If I have student debt and poor credit, should I focuse on repairinng my credit before investing in rental properties or can I use an LLC to build a separate line of credit? Or any advice on getting started with debt....
Stacy Banks
Need my morgage put back on my credit report..
Hi, Can anybody help me I need to get my 20 years old morgage put back on my profile that was delete. I've been calling the bank that issued the loan and they lost my file. Is it anything that can be done, it costi...
Chris Policicchio
Loan options for individual with bad credit
I have a friend who has done an amazing job building his contracting company. He's been flipping in the area for a couple of years now and he's been pretty successful. He's been using hard money to fund his flips. ...
Zahrah Dillard
Cash flow on a 4unit
I was running numbers on a property and the cashflow comes to 500$ without including capital expenses and maintenance. I heard using line of credit for maintenance is what you should do. Would this be a good property...