Jay Patel
IRS Lien Clarification - Courthouse Steps Purchase
Hey all,I am interested in an upcoming auction at the courthouse steps. There is an IRS Lien filed against the owner. I wanted to make sure I understand what that means and was hoping you can help:IRS Liens recorded o...
Lance La Croix
Single Family to Duplex Conversion: First Project
Investment Info:
Small multi-family (2-4 units) other investment in Jordan.
Purchase price: $255,500
Cash invested: $1,500
We purchased our primary residence in February 2019. It had 3 bedrooms (2 ma...
John Carbone
Need advice on a STR BRRRR
Bought a commercial property with a 4-plex on it last year for 175k and added around 200k to it (this included furnishings as well), so I’m all in for let’s call it 400k. My mortgage on it is 135k at 4.5 percent, I ju...
Michael Lee Gundersen
Where should I save my money before I invest in a property?
Hi Fellow Members!This is my first post and my first month of being on BiggerPockets and I am so excited about all of the things I've learned from all of the podcasts, forum posts and blogs I've read so far. I am SOLD...
Erik Bremer
Refinancing as an owner-occupant when you have recently moved
Hey Bigger Pockets crowd, I have a question about mortgages and refinance options that one of my investment clients recently asked me about. My question is specific to the current lending climate so Google was not ve...
Michael Conte
What Private Money Lending Documents are NEEDED
I have purchased my first BRRRR property with private money provided by my mom. I am not sure which documents are needed in order for her to only be taxed on the interest she receives and not the principal payback. I ...
Connie K.
Homeowner in foreclosure ongoing lawsuits against mortgage holder
A homeowner has been in foreclosure for a couple years and has filed motions against the mortgage holder, its counsel and mortgage advisors asserting that they did not have legal authority to schedule a sale, that the...
Michael Rosenson
How 2nd liens come into play
A newbie question here but I'm having trouble finding this information clearly spelled out somewhere: What exactly happens when a 2nd lien is established on a property? Does the borrower now pay two separate mortgag...
John Smith
LLC business structure and qualifying for a mortgage
I have a LLC that i use to rent properties. In a couple of years i want to use income derived from that to help qualify for a mortgage. How should this be structured so that i can properly use that income? This is ...
Anthony Rondinelli
Rental properties affecting DTI
Hi,If I want to maintain a healthy DTI for a primary residence conventional loan in a couple years, what should I be aware of, or what strategies must I employ? My current W-2 and rental income(4 duplexes in my name) ...