During some late-night thinking, I thought of a question I'm assuming someone would have an answer to. So, if you buy your first investment property using an FHA loan, one of the requirements is that it is your primar...
Hi fellow BP'ers!We recently took a personal 401k loan and used part of it for a 25% down payment on a mortgage (assume $25k). Additionally, we tacked on ~$6k in rehab costs to a personal credit card.With regards to ...
Hey friends. I have sourced 3-4 private lenders (family and friends) who are willing to assist with property acquisition via private loans. This would not be for the whole price of the property, so I'm still utilizing...
Hello, I live in Los Angeles and I am pretty liquid. This is a two part question and I hope someone can guide me in the right direction. 1) I am looking to buy Single Family Homes in Cleveland, OH to rent to Section 8...
I am not sure this is the best place to put this discussion, but here we go. My question is would it be better to pay down my home loan on my personal home or save that money for real estate investing? The plan would ...
My friend owns about 7 properties in Rochester, NY that he purchased through a variety of personal loans.To my understanding, he can’t refinance his properties (or can he?) because he doesn’t have a conventional loan ...
Hi! Im a new wanna-be investor and have been researching financing options and properties for about 6 months now. Ive read several books on general finance and investing in real estate and Im looking to finally pull t...
Hi all!In my readings regarding entities, I'm curious if there are any issues that can occur while transferring a property that is in your personal name into an entity. More specifically, if you have financed a rental...
One of my properties has been hit with some code violations since it’s a pretty old house. Approximately 50-70k will be needed to get it up to code. If I were to get a personal loan to pay for the these home repairs, ...
Introduction
When it comes to home renovations, the financial aspect can often be the most challenging hurdle. In my quest to find a solution for my own home improvement project, I stumbled upon Fannie Mae's HomeStyl...