I'm an amateur flipper who completed his first flip and listed the property for sale. The property was purchased using a traditional owner-occupied mortgage and is a SFR. I am currently living in the property as my pr...
Hello BP friends,I am working my first deal and trying to figure out the best financing option. I own a primary residence through Va financing, have 15k saved, 735 credit score, and a steady income. Looking at SFR 60k...
Does anybody have any recommendations for a lender that can help me finance a property in South Carolina? I am trying to purchase a piece of land that has a 1971 single-wide mobile home on it. The home is in great sha...
I'm very new here but have done a lot of reading. I know some follow "creative" financing strategies, however, I am not much of a risk taker and am hoping for minimal risk. Our goal is to buy and hold to allow for "ma...
My wife and I currently own two short term rentals in Tucson, AZ. Both were bought as investment properties using conventional mortgages and 20% down. Navy Federal, who I bank with, has a second home mortgage with a...
Hi, I rented the rooms out in my basement this past year and collected $16,200 in income. How can I best handle this income, come tax time? It's obviously a good chunk of money that will be added to my income but have...
Hey all,
Hope everyone is doing well. I wanted some feedback on a great problem to have. (I think...)I thought I had good rentals. Haha
The credit union I use (Space Coast Credit Union) told me my DTI was too high ...
Hi, my name is Frankie, I'm looking to purchase my first rental property in which I will be living for the first year. My question is since we are in such a competitive market. Can I get a loan from a hard money lende...
Hello, My name is Ryan and I live in the Milwaukee, WI area. Been lurking around here and listening to podcasts quite a bit without ever really jumping on anything. With a recent death in my girlfriend's family, I wan...
I have identified the properties I want. They are fully occupied with paying tenants. I have asked for two years of financials to substantiate the claim. What other type of documentation should I ask for? Is there any...