Jay Cashmere
Loan sold to Kondour during loss mitigation process
I had some financial difficulties in 2019 and defaulted on 3 payments. I was offered forbearance for 6 months in 2020. My financial situation improved in 2020 and have been making regular payments since 10/20. A few...
Srikanth Vadlakonda
Private money from friend but what taxation use it for housing?
My friend wants to give 100K loan to my LLC from his LLC (no interest) . And I want use that money for my housing flip investment. He wants to give that as 1099 but that will be my consider as income to me. I am going...
Kebrome Maru sr
Who should i talk to ?
Hi everyone kebrome here again out of saint paul mn very new to real estate investing been doing a lot of research and reading a lot of books and i have taken steps to get my credit in order been talkin with one lende...
Alexander Romanov
Scenario question: 4Plex bought with FHA 3.5% DP next step
Hello,About 8 months ago I purchased my first 4plex using an FHA 3.5% downpayment loan. I am eager to purchase my second 4plex with the same FHA 3.5% DP loan; however, to do so I need to refinance the first loan. I cu...
Elise Explores
Exceptions to FHA 1 year occupancy rule
I am currently a travel occupational therapist. If I purchase a home using the FHA loan and have to relocate in say 6 months for work (could be only 1-2 hours away) would I be penalized for renting out the property?
Kayla Wagenmann
Seller Financing in Minneapolis with no or low money down?
My partner and I have been considering purchasing a duplex as an investment for our first home. We moved back to Minneapolis last year after living in Los Angeles for 2 years. We have been renting for the past year at...
Melissa Kirchhoff
HELOC, Personal Loan, Hard Money?
Of HELOC, hard money, and personal loans, is there one that would be better than the other and why?Here's my situation:I've got some good equity in my home currently, but I would like to sell in around a year or so an...
Kaitlyn Beard
Will the seller need to put flooring in for the appraisal?
Hey all, I know for VA and FHA, that flooring should be within a SFH for the appraisal to come back good to go. However, I showed my agent a property that needs some work and that I wish to rehab myself. It does not h...
Richard Pallarino
Funding for an Airbnb
Hi BP Fam! My brothers and I are trying to buy an Airbnb in Florida. We keep getting stuck as we have the cash to put 10% down plus closing costs and 6 months worth of reserves. However, we don’t have it in one accoun...
Andrew Fowler
Paying Off Student Loans or Focus on REI?
Hi everyone,As a college student who is graduating this upcoming May, I have a lot of student loans. When I say "a lot," I'm talking 100k... Since my loans vary from 4-7% interest I am strongly considering consolidati...