Justin A.
cash out refi when BRRRR-ing
Hi BP!I had some questions regarding cash out refi portion of the BRRRR strategy. What are the main criterias that lenders look for when you go to apply for the cash out refi? 2 year tax returns, seasoning period, cer...
Jeff Montgomery
Do I need to provide a reason to decline a tenant?
I know that it is illegal to discriminate against potential tenants based on any of the protected categories (race, national origin, etc). Are there any other reasons that I CANNOT reject a candidate for?There's a pot...
Bernie Huckestein
80 Unit Multifamily partnership and SDIRA
Checking to see if the following would be permitted under SDIRA investment, using an 80 unit complex as example. I have a solid albeit general understanding of SDIRA and disqualified parties etc. I do have a SDIRA s...
Greg Scully
Assessing Market Value with high vacancy rate
This is from the MLS 2 ranch style 5 plex buildings on separate lots. Excellent potential. Newer metal roofs in past 10 years, 9 year old boilers and water heaters. 7 units remain vacant, 3 units rented on month to mo...
Dustin Pavlik
Requirements for brrrr refinance
Looking at buying a SFR for approx. 30-40k. Only needs 15k in renovations. Let’s say I’m all in for 50k and the property should rent for $850. ARV would be roughly 95k. What are the requirements for refinancing? Are t...
Christopher Davis
Cash out refi is pegged to property or owner?
Hi everyone,Just doing some fundamental research on cash out refis on my first investment. Basically I will probably be paying all cash for two reasons: I have had difficulty qualifying for a conventional loan due to ...
Rajul Vora
DSCR loan, how do lenders estimate income for Rent-by-Room on Mid-term rental (SFR)
Considering buying a single-family unit for mid-term rental to traveling nurses, etc. Each room will be rented separately.How will lenders determine net income for calculating DSCR (ratio)? An LTR estimate will be muc...
Travis Beehler
Should I sell?
Hi all!Love the forums, and the openess of everyone on here.So, here's my situation.I have a full time job, making $75k a year. Rock solid job, good benefits, blah, blah.I currently own 3 rentals.Rental one: A few m...
Allen Joyner
The Lender wants 6 months Reserves
I am looking to buy a 4 unit apartment. I have the 25% DP, the closing cost and my credit is excellent. The lender would like me to keep 6 months of reserver funds not just on the apartment but also my primary and a...
Mark S.
Leaving Funds to be ”Accrued” w Operator/Syndicator SD-Roth IRA
I own a couple of cacao parcels as part of an agricultural opportunity/syndication inside my Self-Directed Roth IRA. The SD Roth IRA owns the physical parcels (not a fund), but turnkey managed, syndication style with...