Richard Beatty
FHA streamline refinance
Hello Guys, So I purchased a property in January of this year. I received a phone call today from the mortgage lender asking if I wanted to refinance with the Fha streamline. He said my rate will go from a 3.75 to 3.3...
Wes Love
Commercial Multifamily Lending
Hi all - I own a few properties currently and am ready to scale up. For now I'm working to align the capital necessary to purchase a property at or around 20 units within the next couple of years ($1M-$2M purchase+reh...
Jay Boyle
Are security deposits income on the profit and loss sheet?
Hi I am new to apartments. I presently have a 90 unit under LOI. The financial data I received from the seller shows the incoming security deposits as income and the outgoing security refunds as expenses. is this typi...
Krista Lance
Seeking advice on utilizing solo 401k with a small balance
Hi, I've just set up my Solo 401k, using funds from a previous employers retirement account. The current value is small: $12,500. I am struggling to find a way to utilize these funds in investments because the value i...
Angus Brooks
Private Equity Structures
Hey Guys,My partner and I have experience using private loans to BRRRR SFHs. We are trying to move up into small multi-family and bring on equity partners. Ideally we would bring on one-two investors to cover the do...
Jim Smith
FNMA changes Reserve requirements on Investors
FNMA starting today will require reserves to be calculated differently than in the past. Previously they counted a certain number of months PITI for each property as reserves. Now they will use a percentage of the U...
Justin Simkins
Do you have to pay monthly payments on a HELOC?
Hey All!
Newer to the RE investment world and I was curious how a HELOC works as far as repayment is concerned. I know they’re simply a line of credit structured around your current equity in a property, so do you ju...
Gabriel Orduna
Possible deal in the works
Hello everyone,
I need some advice. I have a situation that I want to take advantage of but I’m not sure how to go about it. My wife’s family owns a home that they would like to sell for 690,000. I don’t qualify fo...
Shenes Benniefield Watson
90 unit portfolio with assumable loan
I might be out of my league but I strongly desire to purchase a large portfolio and thus retire my corporate career and focus solely on real estate. My background is a realtor/landlord and project manager by trade. I ...
Lilla Horvath
Bookkeeping Security Deposit
Is a security deposit regarded as income for bookkeeping purposes? I'm using Excel spreadsheets for now to do my bookkeeping. How do I account for the security deposit without inflating the cashflow? How do I account ...