Corey Frank
Funding rehab with 401k
Hello biggetpockets community! After months of studying and looking I think I have found the one. My first rehab. The numbers make sense and the renovations are simple enough not to be overwhelming. However, to fund t...
Aaron Smith
Who to get for Umbrella Insurance Policy for 20+ Properties?
Hi BP, I have over 20 properties, most in my personal name but a few in an LLC. I want to get an umbrella policy to cover all of these properties on top of the $1,000,000 liability I already have on each property. M...
Christian Wathne
Working on 4th property; issues now with DTI, how to get funding?
Hi Everyone, Looking for your great advice and experience I'm working on acquiring a 4th rental and am concerned that a bank won't finance me because I'm already approaching the 45% DTI limit. I'm calculating this by ...
James Burciaga
Type of Loan to pull out Investment property Equity?
What kind of loan should I be looking at? I have a rental property, single family, free and clear. I'd like to take out a loan on the equity to use for other investments. I'm in Texas. This is not my primary residen...
Lincoln Coverdale
SFR homes to cheap to get financing, alternatives?
Hep BP peeps, I posted a similar thread a few years ago and am back in a similar situation. Here in Northeast Ohio (specifically the near east side of Cleveland) SFR B/B+ rentals work great with the following model:...
Andrew P.
Who much should an umbrella policy cover?
Hi! We have about a dozen properties in upstate NY. We wanted to get an umbrella insurance policy to cover the portfolio but we’re unsure what to cover. Do you get coverage for what the portfolio is worth or for how m...
Greg Mugavero
Want to fund education for a beginning company
Wanted to know the best way to fund educational class for a beginning investment company. How can we write off 100% of our investment money towards classes for real estate training. Do we put up the money personally? ...
Jim Breedlove
Refinance Conforming loans in the name of an LLC
I'm looking to do a cash out refinance on my 10 conforming investment property loans, but just learned that the FNMA rules do not allow cash out refinance for investors with over 4 loans. I am considering refinancing ...
Shane Duncan
Will using income to pay downpayment from HELOC pierce the LLC corporate veil?
I am closing on a multi-family soon and the mortgage will be in the LLC's name. All income and expenses will be handled by the LLC. The problem is that I am using a HELOC to assist with the downpayment for the loan. I...
Stephen Brown
Not enough deal flow or being impatient?
Hello BP,
My father who is my private money lender has required me to focus on my city of Toledo. I currently own 15 units of small multifamily here and I only buy B class properties. These properties are hard to c...