Hello all, I am Ryan and I am new to REI, but have been a sponge to bigger pockets for about a month now. I have been soaking every podcast, key word alert, and forum up. I have a genuine passion for real estate an...
I'm looking to utilize a portion of my $100k + in equity in my personal residence to use for acquisitions and short term holds. I formerly had a HELOC that I used to flip properties with, but I have since sold the ho...
This title is not a gimmick. My bank ran out of money. I emailed my lender asking about a new property I put under contract, and he said, "We are totally out of money. We can't make a loan to anybody."I'm not surprise...
I've noticed this in several 1st position notes but never fully understood why. I have some ideas but am curious what others think.
Two months ago, I closed on a triplex using a 20% down conventional home mortgage. I had intended to live there, but I came to realize that my commute to work wasn't feasible. Also, the perfect alternative living situ...
Hello everyone,
As the title says, we are 3 weeks away from closing and we are in a big dilemma. For background information, I'm a W-2 contract employee who makes 80k+ a year and I have been working at this job sinc...
Hello everyone,
I reached out to 4-5 lenders regarding DSCR loans and found it difficult to make a deal work, even in areas meeting 1% rule.
Here’s a recent scenario:
Purchase price: 244k duplex, good condition
...
Is a Dscr loan the best option if my dti is fully maxed out and have a good amount of capital that I want to invest in? For llc, when investing in different states, do can I just put it under one llc or do I have to h...
Hi,This is my first post here and please be easy on me.One of my friend need money for his business activity and none of the professional bankers won't lend him money due to his tax filing situation, loan to debt rati...
Hey everyone, currently I am living in a 2 bedroom apartment with my girlfriend and a roommate and we split the rent 3 ways. It only cost me about 500 dollars a month to live here, which is great in the Portland Metro...