Hello,Does the HomeStyle Renovation Loan have requirements on where the down payment comes from (for an investor). I know I'd need ~20% of purchase + rehab costs and that rehab costs must be less than 50% of ARV. Base...
Currently in school for a teaching degree. Working PT as an Uber Driver. Tons of free time. Parents make 200k yr and want to get into Real Estate Investing. No debt. They don't want to get their hands dirty so they o...
The new year is right around the corner and I thought it might be interesting hearing what some people's top goals are for next year. For me I have 3 main goals I am shooting for:
1) Pay back the debt I acquired pur...
So, a while back I posted a question about having multiple investors all making small investments to my LLC. That sounds like it's really hard to set up because of the SEC rules.
I have a different idea I wanted to ...
My wife and I differ on this. She wants to pay off each house and I'd rather use our cash to purchase more property. Example She has 50K and can pay off two of our houses which will of course increase our cash f...
Hello BP, I have a question regarding hard money loans and the debt-to-income ratio. I want to use a hard money lender to purchase a medium-sized multi-family property for buy and hold purposes. After the rehab, I wan...
Alright I have a question I'm asking now becuase of the situation I am in.From what I understand investors are able to have 10 properties in their own personal name until banks start declining to continue to loan to t...
My wife and I own and operate 23 senior living communities (assisted living, memory care, and independent living) across Colorado and we are now expanding into Arizona. I've often had people ask if they can invest to...
Hi all,
My husband and I are at a bit of a crossroads as to what to do next and I'd love to hear what input you can lend. We currently own 3 SF (4 incl our primary res). We do not have a clear business plan as of yet ...
Hi Everybody,I have a seller who is severely upside down with the bank. He is on title for the property, however, is not on the mortgage. He is the main point of contact with the bank, and has had multiple conversatio...