Anthony Tortorello
What's the deal with Pre-Approvals?
I am a first time home-buyer/ real estate investor in the DMV (DC, Maryland, Virginia). I am currently looking at properties with an agent and I have some questions about the pre-approval process. I know that I must s...
Kiley N.
BP Lenders: Add myself as co-borrower with my LLC?
Two questions:Assuming my credit qualifies and the SFR property cash flows at an acceptable level:1. Would it be advantageous for loan qualification purposes to become a co-borrower on a mortgage with my LLC (as oppo...
James Ellis
investing in Commercial properties questions
I have thought of buying a commercial property and have a couple of questions. Lets say I see a property for $1.2M for a first floor in a commercial building. A commercial lender requires 25% down ($300K). Should I be...
Jaron Klopstein
Questions about 203(k)
Hey BP Community: I am looking to begin my real estate investing journey through house hacking utilizing an FHA 203(k) loan. I have two questions about this:
1. I am aware that the FHA 203(k) loan will require me t...
Natalie Wells
Investing with your 401k
We have a decent amount of money in my husband's 401k (around 100k, maybe a little more). My question is, have any of you taken money out of your 401k and taken the tax hit (which I believe is around 25-30%, possibly ...
Cameron Skinner
Solo 401k
OK question for the solo 401k experts? I have a business partner I've worked with in the past found a deal and it's really good commercial remodel, then sell. He will do 100% of the work for a % of any profits. I d...
Daniel Mrestani
LLC v. Personal Name & Bank Account for Rent Collection?
I think this is the right place...
Getting some of my ducks in a row to dive in.
I know an LLC cannot get a loan on property through a bank. But curious on once I start collecting rent (yes, getting a bit ahead of ...
Scott P.
Should I refi a new purchase once seasoned?
This is my first purchase. It's awesome and has been a ton of work and investment so far. So here is the question... Should I refi in 4 months (or pull out the rest of the equity with a second) to pay off most or al...
Joe Schaak
Advice needed on potential PML
Hoping to get some feedback about a potential lending opportunity:$130k used as downpayment and rehab funds4pts and 15% interest only for 8 months2nd lien position with signed personal guarantee30% of profit on sale o...
Jason Hatfield
Using my IRA to find a rehab
All,I have a subject to deal locked up and I'm trying to figure out the best way to fund the $20K rehab.I have an IRA that was rolled over from my previous employers 401K with a balance of about $17K. I also have a 4...