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Hey y'all. I completed my first BRRRR on a SFR a few months ago. Was able to pickup a duplex as well under the same criteria, and currently have two more SF BRRRR's ready to close and ready to rehab. I received a conv...
Hey bp , I recently had a conversation with a friend who recently became a realtor. He was informing me that the int. rate on a mortgage loan might possibly reach up to 7-8% in 3 years. We also discussed my goals a...
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I’m working on the finance piece of my first flip, which I hope to start this month. I want to start building a relationship with mortgage brokers, because I need to build my team. Since it is my first deal, I am hopi...
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My tax guy is good, so he shows my rentals as taking losses with depreciation etc and as a result when I go to get more loans, I cannot count my rental income. Since banks will look at my mortgages but cannot count a...
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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...
First time investor looking for multi unit property. I can possibly get financed through a bank, but the 20% down payment would be a challenge. Any suggestions?
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My account will be small, so low transaction and annual fees are important.
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I live in California (with CA W2 income) but BRRRR in Tennessee. I'm looking for a good CPA who is also a real estate investor, that can help me with tax strategies. Multi-state income, 2nd residence in TN, have cou...
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Ok, so like it says in the title.I am trying to obtain a loan. The issue is not that I cannot get a large amount for a loan. It is that the payments need to be $1150 or less per month. In my area that is near impossib...
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Good morning BP members. As a begin to feel more comfortable with the prospect of becoming an investor, it seems that there are plenty of hurdles to overcome. I contacted two banks that I use for personal reasons; U...