I want to purchase a 10 unit apartment building using an FHA loan. My DTI ratio is above 57%, but the rent I receive on the property will easily cover my mortgage payment. Is there a debt product or workaround anyone ...
Hey BP, question from a first time buyer here - I'd like to perform a live in flip, and have found my target property in an excellent neighborhood. It's been pre-inspected, and are some glaring issues with the propert...
I'm a new investor in Knoxville, TN and wanted to know if anyone has done a limited partnership agreement with investors to fund wholesale deals and fix and flip projects with an LLC. Essentially a group of investors ...
Are they legit? Anyone ever work with them?
Hi, I was wondering if I can use conventional loans to acquire property and then refinance and deed the title to my LLC. Will this open up more properties to be put in my name again? Imagine i hit th 10 limit. Then I ...
Hello BP Community!
I have an investor who wants to act as a limited partner (in this case his LLC will provide 100% of the equity, he will get 50% of the profits along with 80-100% of any losses, and he will not tak...
ok trying to figure out the limitations on the up to 25,000 loss on rental properties. So let’s say married and over 150,000 in annual income. Does that automatically mean I can’t take a lose at all and any loses ro...
This year my AGI was over $150k and therefore passive income loss limitations eliminated my ability write off losses from my rentals. I am not a real estate professional and I don't see that as a viable path at this t...
Hello everyone, I have a 2 bed, 1.5 bath townhome in Davidson county that I am trying to rent out. I have a family of 2 adults and 2 kids (7 yrs and 1 yr) that are interested in the property, but I feel like the prope...
The main benefit everyone's raves about, in regards to using an S Corp to flip properties, is being able to funnel some of the profits as "distributions" and limit self employment taxes.
However, in my situation my ...