Robert Willard
LLC Purchase with IRA funds.
My wife and I are using some IRA money to invest in real estate. We will set up an LLC when we create the new IRA and run our Real Estate into that. I reached out to my mortgage guy to run our plan through him and h...
Account Closed
Cashout Refi Percentage
When looking to do a cash out refi of your private loan into conventional mortgage (BRRRR method, 15% down) what percentage of LTV are you requesting with new ARV?Example:Purchase Price: $215,000Loan Amount: $182,750M...
George P.
Looking for quick answer
Are there any closing costs or transfer taxes associated with the purchase of a note?
Tyler L.
Question regarding rent used in FHA loan qualification?
So, I’m a little confused on one aspect of FHA income qualification.
As I understand it, the debt-to-income ratios on the mortgage can be no more than 31%. However, for house hacking, lenders are allowed to count 75%...
Michael Vilasi
Heloc Arbitrage Discussion
Hello Everyone!
Hoping for some advice and a little insight.
When interest rates were lower, July 2022, we locked in heloc fixed for 3 yrs at 3.25% interest only. We just purchased rental number two and I wanted so...
John Smith
Taxes: Rental Income Loss in 2019 , disqualification for 2020?
I purchased an investment property in October 2019, got tenant in for November 2019. ~$1800/month. I can report a loss ~($3500) or more on my 2019 taxes due to deductions/interest/depreciation, etc. Will this hurt my...
Dan Green
CT HELOC & Loan for owner occupied Multi-Family
Hey everyone. This is kind of a 2 parter.I'm looking to do a HELOC on my current home in hopes of using some or all of it towards the down payment of my hopefully soon to be 2nd home. It's a 4 family that I plan on l...
Cathleen Blackmon
BRRRR- What If I can't Refinance?
Newbie Alert! I have found a deal and am in negotiations. We plan on using hard money to purchase and rehab. Once we have bought, rehabbed, and rented the property, what happens if we can't refinance? Lenders/Banks...
Jennifer Katherine De Loughy
BRRRR - Refi Hurdles
Hey, everyone. I am hoping to get started in BRRRR this year. While I know what the acronym stands for and enough about hard money, I don't understand the refinancing area.
We have a mortgage specialist in my brokera...
Edita D.
Cap rate calculation: do you take into account VACANCY RATE?
Hey guys!
Do you take into account vacancy rate when calculating operating expenses? My cap rates are always lower since I take into account ALL my operating expenses:
-property insurance
-tax
...