Chris Lyman
Questions about reserves for multiple properties
I am a beginner investor and am planning on following the BRRRR method. After recently speaking to loan professionals I have become aware of the fact that after you have a couple of properties lenders will require th...
Brandon Wulff
Creative ways to get a loan with short work history
I'm wondering if anyone has any other methods on getting a loan with a short income history. Every loan application always asks for the last two years of W2's, but what do you do if you only have one year? Intereste...
Bret Halsey
Seller-financing vs lease-option vs land-contract
I have a 12 unit building that I'm in talks with seller on. He's offered it to me on a lease-option agreement, with a "purchase price" of $1.2M, "down payment" of $200k and 5% interest only payments on the $1M debt. A...
Erika Baker
HELOC for downpayment on first property
I just recently opened a HELOC from my primary home to use for a down payment on my first investment property. I will finance the rest with a conventional loan. My question is, what is the smartest way to pay back the...
Jason Burr
Equity Line vs. ReFi for BRRRR strategy
Ok, this is most likely a simple question but I feel I'm putting too much thought into it and would like others thoughts and opinions. What are the pros/cons with going with a equity line on a rental property vs a re...
Jake Song
Does it make sense to do BRRRR for a primary residence?
I'm thinking of buying a primary residential home for $600k, and rehab for $30k. The market value for the $600k home I am currently looking at is around $630k. Someone please walk me the process how refi would work. I...
Nathan Frost
1031 Exchange / Advice Tips
Hi, I have two properties that I am looking to sell but once to use the profits wisely. My plan is to buy 1 STR and 1 LTR. How can I go about doing this either with a 1031 or what is the best method to attack this? ...
Ted Caputo
New to STR questions
I am researching STR and multi-family. I just watched a video by Avery Carl on STR analysis and had two questions.1. As she was determining gross income she used average daily rate and multiplied by 355 days. Isn't th...
Daniela Pendleton
Real Estate Wholesale Mentor in Massachusetts
Hello, I’m looking to start wholesaling to try raising money faster to buy my first multifamily property. I don’t want to work as agent that’s why I find if I sell just one or two properties as wholesale I will have t...
Gustavo Tellez
Down payment amount
Hello, I was wondering what’s a good amount of money to have on hand to use as a down payment to start my investing journey. I can’t house hack and am looking towards SFR, either a brrrr or turnkey. Depending on how m...