Robert Wright
Off market, vacant property left in trust to a divorced couple.
I have a situation I am sure a wholesaler has been through but I have no clue how to proceed. I have a neighbor 2 houses down who the house was given in trust to him and his wife from her father. The owner listed is b...
Adolphus Fletcher
Personal Vs Business HELOC
I'm going to preface this by saying I tend to think outside of the box unnecessarily. In this particular case, I have a property I'd like to get a HELOC on to then buy another property. I am wondering however if I sho...
Ash Gowda
Tenant just requested for Rental assistance program, good or bad
Hello , One of our tenants just requested to fill in landlord paperwork for the Rental assistance program. Is this a good thing about the tenant or is it ok. They have been good all along the Covid season but now the...
Navnidhi K.
Renting a room in California
Hi Everyone,
I am a newbie to house hacking.
I live in San Jose. The previous owner converted the garage of my house into a living space. I was wondering if I could convert this space into a studio unit with a sepa...
Kristoffer Dayrit
Higher loan amount: high salary w/ debt vs low salary no debt
Hello BP,My brother and I are planning on purchasing a multifamily with an FHA loan to house hack. My brother has a constant monthly salary (web developer), whereas my monthly salary is more random (restaurant server)...
Silvia Camponelli
Do interest rates go up with each mortgage you get?
Hi all, quick q: I'm planning on getting 5-7 smaller multi-fam properties or 1-2 large ones. If I were to get 5-7 separate mortgages, would the interest rate banks charge on each property likely go up?If so, would it...
Caleb Masuaku
Can we qualify for a loan ?
little scenario. I live out of state and would like to buy a duplex in Milwaukee, but I don't have the 20% down payment (I have 10% for my price point).I found a potential partner that lives in Milwaukee, and wants to...
Elvis Nasi
Transfer rentals from our names to an LLC
Hello. Me and my brother own 2 properties (both names on deed's). Even thought we own them 50/50, when we apply for a new loan, we are responsible for the whole mortgage balance. The rental income is counted in half b...
Ed Page
getting FHA loan as first time home buyer
hi i have a property that's been in my name for less than a year , will this prevent me from getting a FHA loan to purchase another property ? What do they consider a new home owner ? any help appreciated . Thanks
Andre Chouinard
How is a HELOC factored into DTI for future mortgages?
I am pursuing a HELOC of $65,000 on my owner-occupied duplex and was wondering how this will affect my DTI ratio when applying for future mortgages.For normal consumer credit cards, the lender adds up the minimum paym...