Ian Woods
DSCR funding -- Purchase price between 150k-350k -- 5+ units?
Hey Everyone,I'm trying to find a DSCR lender that will work with low purchase prices. I'm purchasing in the tri-state area (WV/OH/KY), and I am able to find some great potential deals but many are too low in the loan...
Alexander Johnosn
All of my money for down payment is locked away in 401k
Dilemma: I have $14k in a 401k that I want to use as Down Payment towards a house (This would be a investment property to rent out). Iv'e done the math, and I don't want to until until 63 to withdraw. I can get more ...
Keith Agnello
Need advice on property in probate
Hello,I am currently working on a lead that is in probate and still in the deceased owners name. The son who the property was left to has done nothing to claim the property so after speaking with him, he spoke to a la...
Henry Salinas
Paying HML cost with a Heloc.
Today I set forth a huge decision. Placed an offer on a house in Baytown tx. 145k. repair cost coming in at 50k and arv right around 265.I have a Heloc that has 90k available 4.25% 10 year. My plan is to use a HML to ...
Leona N.
Overdue rent collection
What is protocol for charging and collecting overdue rent? The lease states 2% interest. I'm not sure if I wait until it's paid and then send a bill for the actual interest amount? Or should I send a letter first? ...
Jeff Stoner
Rule of thumb when considering cash out refi?
Hey investors! Is there a rule of thumb people use when considering whether the closing costs are worth it when looking at a cash out refi of an investment property?Here's an example scenario I am looking at....to pul...
Reynaldo Perez III
How much liquid assets are required for mortgage loan approval.
Hello everyone,I’m a new investor looking to purchase my first property. I’ve been doing a lot of reading and feel I am prepared for my first investment property. I have only one issue that is holding me back. I don’t...
Alex Sanchez
401K and DB plan reduce income tax through cost segregation
Before exploring this concept with a qualified legal and tax professional, I wonder if any of the community has anecdotal experience around taking a distribution from a 401K and balancing the earned income taxes with ...
Dee Jay
Inherited condo, renovate and rent, or sell
I am very grateful and thankful to a parent who recently passed away and left us with an owned condo (no mortgage) . My question is renovate and rent, or sell. Not a real estate professional for tax purposes, but cu...
Samantha Klein
Loan or gift for reserve requirements?
Let's say an investor is buying a 4 plex for 150k putting 25% down and needs to have 20k in liquid reserves per the bank, if you were short say 10k, can you borrow 10k for the remaining or is that not allowed? I know ...