Emilio Mejia
Cash out Refinance with horrible credit
Hello, I began two flips pretty much one after the other, over leveraged myself. Rehab went as planned on both, however the first one was higher end and with the rates going up the buyer pool severely shrinked, second...
Paul Stewart
Debunking the Easy Money Myth
I've noticed a growing trend among new real estate investors in my area. They tend to avoid properties that need renovations. Ironically, these are often the best opportunities to build equity and find great deals. It...
Jose Bernard
New Fannie Mae cash-out Refinance seasoning Requirement.
As we all know, in the recent weeks Fannie Mae changed their seasoning period requirement for conventional cash-out refinances. It changed from 6 months to 12 months. I'm wondering, what is your take on how these chan...
Paul F.
advice on how to reject prospective tenants
Our rental listing in Woodbridge, VA has alot of interest and some people that are very excited about the property, but we already know, without digging into their background, that we are not going to choose them as t...
Lisa Foreman
Commercial Loan using SDIRA
My friend and I want to buy several properties in the Phoenix area. If we bundle them together and apply for one commercial loan does that meet the non-recourse requirement of buying property with a self-directed IRA?...
William Savage
New Construction: Permits and Inspections
Greetings all,I have a background in construction engineering and management and I want to take on a role as a GC/Developer/Planner for new construction of a pre-fabricated home property.I'm planning on building multi...
Daniel Ryu
Tax Form 2555 (overseas) filing for Loan Officers
Hi all,
I'm a US citizen but planning to buy rental properties in the US while living abroad. Since I work for a foreign company, I file Form 2555 (Foreign Income Tax Exclusion) along with my 1040. Basically,...
Stuart Smith
Transitioning from UK to NY (Bronx)
Hi Guys,I've just moved from the UK to the Bronx and I'm looking to find out how everything operates over here and what I can do to get on site knowledge.I have a degree in building surveying, which is essentially fac...
Henley H.
Property disclosure mandatory if selling 'as is'?
We have a home we're preparing to sell- it's essentially a flip that we've had for only a few months. We live in a state that generally requires a property disclosure, however, we would like to avoid it if possible a...
Slade S.
Confidence in ARV and refinance
Today I went to look at my first rental investment property. I am hoping to BRRRR. It is a cash flowing 2 unit multifamily building. The rent is $700 + $700 = $1400. I've estimated NOI to be around $11,000. Cost is $8...