I'm looking to buy my first investment property and I had a question. I own 40% of an LLC. Do the debts incurred by the business impact my DTI or are they viewed as a separate debt?

Hey BP Community,I just have a quick question,I have a few houses that have been sent to my email that have a nice ROI and a have a few cash buyers. What would be my next step to ensure that I can close on one of thes...

Hello Friends!I am constructing a deal right now . My question to you all is , should I do a separate contract along with the Escrow instructions or just use Escrow instructions to wrap up a deal?Background: I have a ...

I'm still on a bit of a high.  Had a great initial meeting with a bank this morning to discuss financing me for a significant purchase into the multi-family arena.  I started in real estate about 3 years ago and have ...

I'm trying to clean up my books and need help resetting my balance sheet - I believe I need to go back in time and essentially reset the initial entries. Basically, if someone can tell me how to set up my books starti...

Hi,
Hello there, first time investment property buyer here. My husband and I are looking to buy a small condo in St. Augustine for short term rental. We are in conversation with Bank of England and the loan officer i...

Hi everyone,I am a new member trying to remodel/rehab a house. What is the best way to find good general contractors (reasonably priced, delivers on time, committed to quality) ?What are red flags ?

I love this forum and am so grateful it exists! I'm a newbie getting ready to make my first purchase and trying to determine the pros/cons of HML, HELOC or using savings. I'd love to hear everyone's thoughts on this. ...

This IRS topic defines rental income in this way: "Generally, cash or the fair market value of property you receive for the use of real estate or personal property is taxable to you as rental income." The question is ...

I purchased my first home a little over a year ago in San Diego, CA. I am currently paying well over the mortgage but I have become increasingly interested in purchasing a second home as an investment property. My que...