Todd Plummer
Selling a property from my llc to myself as my primary residence.
here is the situation... i bought a single family house to flip, but decided to move there as my primary residence. I need to get a permant mortgage on the property now in my personal name. The current financing is a...
Matthew Aubert
Jumbo Loan or Conventional??
I'm wanting to purchase a duplex and a single-family home simultaneously. Can I use a conventional loan or will I be required to obtain a jumbo loan? I read jumbo loans are not easy to get. I understand selling one of...
Steven W.
Need help going from Hard Money Loan to Long Term Loan
Good morning all,I currently have a triplex under a hard money loan because it did not meet the qualifications of a conventional mortgage and I needed to close quickly. I'm performing renovation on the property now, b...
Milo Williams
Buying in Canada or U.S.
Hey everyone,
I am currently looking to buy my first real estate investment property. However, I live in one of the most expensive cities, Mississauga Ontario (just outside Toronto). I see that Condo/apartment buildi...
Account Closed
Questions to ask prominent local investor
I got one hour with a very experienced flipper/developer here in San Diego. It's a rare opportunity for me to get one on one face time with him, so I want to make sure I go in armed with all the right questions.Are th...
Joe Leeds
Graciously raising the asking price on rental unit already listed
How do I graciously raise the asking price on a rental unit I already listed? It's been 24 hours and I've had over 50 inquiries. I've interviewed four prospects and two were really good. But based on comments on the l...
Chris Sweeney
Best Way To Dump So Cal Rentals Gone Bad
They have two expensive/alligator houses bought at the peak about 6 years ago. The owners are independently wealthy and thus are not concerned about their 800+ FICO scores going away. All loans are purchase money no...
John White
30 Year Fixed @ 4.625% or 7/1 @ 3.75%?
Good Morning...I'm closing on my first investment property and opted for the 3.75%, 7/1 ARM, over the almost 1 full point higher 30 year fixed. What do you typically do, when using conventional financing on a deal, a...
N/A N/A
Refinance questions
I have 2 properties to deal with here.
Property #1 - first house bought with FHA loan, ARM that adjusts every year (1% max), is currently at 5.875%, due to drop to 4.875 in a few months. 30 year mortgage that has 13 ...
Rodney Miller
SDIRA lending- How much is too much?
I know that the IRS frowns on running flipping businesses out of your SDIRA. How is private lending viewed by the IRS? Is there a point to where you are considered a Lending business and become subject to UBIT?