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I want to buy a house cash, do some renovations, live in it, and refi to pull most (if not all) of my money out. I’ll probably rent it out later but that doesn’t fit into the equation right now. A BR RR if you will. T...
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Hi Everyone,Are there lenders (non qm/llc) doing 80% cashout refinances on single family nowadays? I know there were some last year but it seems they are tightening their LTVs.
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Hello BPers,I am hacking my primary res SFH. It has an non-conforming basement unit that I am renting out. I am claiming that revenue as taxable income and am wondering if I am able to also claim a percentage of all o...
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I'm looking to buy a 1 bedroom and 1 bathroom duplex. Just wanted someone's else opinions on those. Are they easy to rent out?
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I am an agent/PM who is working with a buyer from Canada. He is looking to purchase a 6-unit, 1-year-old building in West Virgina. He qualifies for the 1 million dollar purchase, and the property will meet any DSCR re...
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I'm noticing HML's in my area only lend to your LLC. My question is, how would one refi out of the loan if using BRRR method? I'm not sure it would be possible to get a conventional refi in your own name if the pro...
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Hey- I am trying to get a better understanding on the rules associated with building, specifically when it comes to new construction. I do a fair amount of vacant lot sales, but I don't know the specifics regarding se...
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Hi BP Community !!Need some advice - I have 3 properties and, have created an LLC for one of them. I am "testing the waters" before fully adding the remaining two into individual LLCs, as this is my first time doing t...
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Salute to my BPers🫡! Hope you all are having great experinces. Got a couple questions:1. When building a new construction, can the right civil engineer prepare all the necessary site plans w/o needing an architect?2. ...
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How is rental income taxed? For example if I have multiple investment cash flow properties and when tax season comes. Is the total income whether vacation rentals/ long term rent, taxed as regular income tax based on ...