Hello,I am new to real estate and wholesaling. I’ve been fortunate enough to find a mentor who is showing me the ropes and is basically giving me cuts of his deals that I am working for him but we’re going about it as...
Hello,I'm still a total newbie/wannabe investor. My short-term goal is to buy a place in Denver that I can house hack easily, namely a duplex or multiplex, so I can get others to pay for my mortgage. I'm still house...
If you are applying for a new loan during the year in which you purchase in which case you have not yet filed a tax return to claim the rental property will be 75% of gross rents evidenced by lease agreement and...
What is this.. the 1990s or something? :) I am curious though as to why that update/downgrade decision was made?thanks,Matt
Hello all,I'm currently in the process of going in on the purchase of a home for my mother in the state of either Iowa or Nebraska. My brothers and sisters are wanting to purchase a home for our 65 yr/old mother. ...
My primary business is not real estate. I use the income from my primary business to qualify for loans. I'm thinking about electing S-Corp next year, but I'm worried it will cause a problem due to my "salary" being lo...
***I MEAN INCREASE ABILITY TO BORROW***
I am still in school but on a good scholarship program. The scholarship would be well enough to help pay for a very small house (80-100k). The banks like to see non scholarhi...
Hello,I'm planning on accumulating several dozen single family homes with cash over the next year, and then getting a non-recourse loan so I can leverage up the portfolio (without risk of personal bankruptcy). I am s...
sense it seems like I will be focusing on small cities and towns, I thought it may be a good idea to get an idea of how well a community could survive another financial upset. I am thinking that two prime indicators w...
Hi BP, I was wondering if being a KP on a non-recourse Fannie Mae loan affects your ability to get conventional loans for SFH?