Hello all! I am understand of the finance terminology but would like to better understand how to wrap all the information together to understand what is a good deal, ok deal, and a bad deal.. etc. I know there are a l...
Hi all,I got pre approval letter from my lender under my name. But now I’m trying to set up a Llc and would like to apply for mortgage with the Llc.my questions are : what type of mortgage can I apply for with Llc, is...
Investment Info:
Small multi-family (2-4 units) buy & hold investment.
Purchase price: $40,000
Cash invested: $14,000
Refinance applied for $82,000! Full renovation of lower and upper unit over a...
Recently I had a woman apply to one of our vacant rentals who is a Canadian citizen that's in the process of applying for her visa. Said that the waitlist is pretty long and is looking for a place ASAP. Gave me a stor...
Hey fam! I appreciate your insights and feedback:I have a single-family home I need to rent out long-term. I'm not getting a lot of traction with leads, and am bleeding money each month. I just had someone on FB marke...
Teami know this may seem like a simple question but how do you apply for a HELOC your first home that is now a rental property while living in your second home which is now your primary. i just applied for BOA and was...
My girlfriend and I currently own our SFH with an FHA loan that we closed on in October of 2019. We are looking to rent our place out at the end of this year and purchase a 4-plex. Would we be able to qualify for an...
Hello,What is the order that rent, fees, and utilities are applied when a tenant makes a partial payment?For example, a partial payment of $600 was made for the following due:$800 rent$25 pet fee$35 late fee$40 watera...
The builder wants to retain maximum sales price but together concessions are $27000. I understand all of the reason for them wanting to do that but do not wish to wind up on the wrong end of the stick.
What ways ca...
I'm looking to buy my first multifamily property. I'm curious if any lenders or experienced investors could speak to how the rental income from the target property affects the mortgage I could receive. For example, if...