Thao Le
Commercial loan for a multifamily building.
Hello BP community!I just came across a property that has an ROI of 30% that I need the down payment of 20 - 25% commercial loan for. What are some creative ways that I can use to come up with the money? Does commerci...
Ryan Oldenhage
Best way to incorporate third party funds for an LLC cash offer
Hello,I'm waiting for the paperwork to come back for an LLC which will have 50/50 ownership between my partner and myself. We have funds to cover a down payment of a targeted fix and flip and a relative interested in...
Sherwin Vargas
mortgage broker says i wont get approved to house hack?
my and my brother bought a 3 family home in pawtucket, RI. I have about 25k and I wanted to try to get another 3 family home only in my name in pawtucket, RI . The mortgage broker said because its the same type of pro...
Brandon V.
Self Directed IRA from a relative
Hi BP,I have a relative who has a lot of money in a ROTH IRA currently but they would like to help me out to fund another rental property. Would using the ROTH IRA from this relative be an option if they were to conv...
Zachary Himes
How to come up with down payment for conventional loan?
I am 22, fresh out of college, just landed a full-time tech job. I have a lender who will prequalify me for a mortgage of 450,000 or so (3.5% down or about $16,000). I can afford the monthly payments on the mortgage, ...
Ryan Tyler
Florida First Deal Analysis
My mother owns a duplex in Central Florida, and she wants to give it to me in exchange for paying future property taxes. Caveat is that I can't sell it b/c it is next to my parents house and they dont want it to leave...
Mike A.
Laundry room - Need efficent washers and dryer recs
One of my buildings, a 30 unit, has a three washers and three dryers. I am trying to get the the expenses down, and the water/electric use for the building is pretty high. The dryers are electric, so I was going to up...
David Scott Kelly
Family situation with property ...Need advice !!!
Parent now in seventies bought house for sibling approx 15 yrs ago. Agreement was to pay note to parent. Never paid. Parent running low on funds...out about 150k. Property worth approx 150k. Still owes 80k. Parent (m...
Grady Dennis
How to finance rehab for owned distressed property?
I was gifted my grandparents old home and now own it outright but it is in disrepair. I have had a few contractors quote between $30-50k for the renovation. I am having trouble finding financing for this amount and wa...
Ted Swagerty
Tax strategies to avoid/mitigate capital gains
Hey folks! An older friend of mine would like to liquidate his four properties but he would like to avoid paying capital gains tax. I suggested that he and I form a LLC and slowly transfer his properties to our LLC. A...