Hi BP,
I'm an investor from Chicago looking to potentially purchase my first property using an FHA loan. If I went this route I would rent out all of the units from day one (i understand that this is only permitted a...
I came across this loan product and was wondering if anyone has or is currently using it. It is basically taking your mortgage loan and having a 1st lien on it and it’s essentially a line of credit on your mortgage bu...
I've been stalking the forums for a few weeks now; love everything that I'm learning here!I just received a tax refund check in the mail*, and I'm wondering what some smart people would suggest doing. *Before you ask ...
Hey investors,I give credit where credit is due and look for opportunities to help businesses grow by giving them great google reviews. It is not in my nature to go out and give bad reviews, but I feel obligated to wa...
Hi Y'all,
Here's the story, and my thoughts. Please help and correct any misunderstandings I have...
Friend bought a house FHA for $127K about 6 months ago. $5500 total out of pocket at closing.
A buyer (former ow...
Hello everyone,I'd like your opinions on this one, accountant or non-accountant.I am about to purchase a stalled construction site. The seller, let's call him Bob, previously received a $100,000 loan from his friend, ...
My lender is warning its clients that it will no longer accept payments from a business bank account, which is how I’ve been paying the loan since its inception many years ago. They insist I must pay using a personal ...
Hi,
Complete beginner here. How do you structure/take loans out to the LLC corp if it's a multi-partner LLC? Do they check the credit of everyone in the LLC based on % stake or some other way of doing this? Or is t...
Hi, we are looking to purchase a small multi-family residence in Houston, TX. Does anyone have any recommendations on a private lender they've used before? Investor-friendly lenders with low minimum mortgage amounts, ...
I currently have an active FHA loan but was wondering if I would be able to get Homeready or Home Possible loan in addition? Information about this seems to be scarce online. Any details would be appreciated!