Jack Sun
Is there a way to get a loan if I have high debt to income ratio?
I recently graduated college and would like to get started in real estate. I have just started working and am making ~50k but expect to move up to ~60-80k in about two years. The problem is I still have several studen...
Mike Rodrigues
Is this sketchy?
I am ready to purchase my first investment property and I talk to the mortgage broker at the office I am working with. I tell him I have 12k for a down payment, but my parents want to get involved for 35k also. He t...
Mike Schorah
How difficult is it to wholesale a property in excellent condition?
I have a property where the seller wants $175k for it. It’s in excellent condition. No work is needed to it at all. It’s been completely updated. The comps put it at $285k in excellent condition.How difficult would it...
Avery Biles
Cash for downpayment
We have a lender saying we cant use cash as a down payment for a house, and that we would have to distribute the money to family/friends bank accounts then get them to wire the funds to the the lender. I'm not an expe...
Derek Harville
Grandmother wants to leave/give me trailer! Help!
Hi all, My grandfather has passed away and my grandmother is left with handling finances for the first time in years. She's on a fixed monthly income and cannot afford home repairs. I have already spent around $4k in ...
Shaun Futch
I have private money investors but don't want to go to jail
I have friends and family willing to invest $100,000 each in private funding for me to buy rental cash-flow properties however I don't know how to set up the money transaction in a way that pleases Uncle Sam. They c...
Evan McLeish
Joint venture contracts
Hey BP,I am looking into structuring JV deals. I am able to qualify for conventional financing 80 LTV and have a partner wanting to put 50% down payment to do the reno with me and make a profit.I would be keeping the ...
Nina Gibson
DSCR loans but what about the DOWN?
Hi,My brother and I just started an LLC. We want to start either flipping small or investing in multifamily properties, but the 20-25% down concerns me. If the DSCR loan covers the 80% where to we get a loan for the o...
Burt L.
What Funds Must I Still Have if Getting $100K Back On DSCR Refi?
I've been in a long haul on a smaller multi-family rehab and watched the rates almost double. I still have a 1.2 DSCR as it was a strong buy but am finishing with very little monies in the pocket. I will have $350K+ i...
Simon Aristizabal
FHA with another loan as a downpayment
Hello,I have been a member of BP for a few months already. I have read tons of books. But I have yet to jump in and actually buy a property.From all I have read and heard on podcasts etc, I realized that perhaps an FH...