Rich Coppage
Acquisition and Development Loans Primer
I’m writing this short primer because I get development loan requests for projects on a daily basis from borrowers and other brokers who aren’t well versed on how lenders analyze A&D loan requests.I hope this help...
Tucker Long
Setting myself up to be lendable from flip/wholesale profits?
Hey all, trying to setup business structure for 2019 to improve lend-ability/DTI in future years. This post is about improving lend-ability, not tax savings (which seems to be the topic on most LLC vs S corp threads I...
Daniel Levine
Help looking at multi family deal
Hi all, I am struggling with the analysis on this one. I am looking at purchasing 3 multi families from the same owner. The only way the deal will work is if I purchase all 3. My biggest concern is that two of the pro...
Keith Jourdan
Did new Fannie guidelines just ruin BRRR?
The max the loan can be is 75% of the new appraised value. However, the first six months the max the new loan amount can be is no more than the purchase price, closing costs, of the current property at the time ...
John Davey
Can you deduct interest (primary house) from a home equity loan to buy a rental?
Id appreciate any help, as ex. if i take out say 100k home equity loan and use 50k each as down payments/cloing costs my understanding is i cant deduct the interest?However, if i would take 100k home equity on a renta...
Jonathan Felts
How to determine 1031 Construction Value?
If I sell my property for $600k and owe $300k on a loan, I walk away with $300k minus agent commission ($30K). If I want to roll that into a fixer 1031 construction loan project, I understand that the property purchas...
Steven Lalonde
Am I analyzing this commercial property correctly?
Hey BP!I have approached a For Sale By Owner commercial zoned property with agreed upon purchase price of $200,000. I am doing a purchase + improvement loan. My lender is requesting 25% down on Finished Value. Finishe...
Chris Kendrick
Cash out refi seasonal period
Cash out question
My plan was to buy property using my heloc, whole lot cheaper than Hard money or private. Fix it and Then do cash out refi and pay my heloc back in 3-4 months.
I was about to get qualified with cr...
Zachary D.
New loan helps my fico score & DTI but what do lenders see?
I'm currently paying my credit cards down each month and am seeing gradual improvements to my credit score. I don't have any delinquencies or other red flags on my report and unless something new comes up the only thi...
Daniel Tisdale
BHG Financial Review
Hi,I have received an offer from BHG Financial for a loan of $155K with around a 15% interest rate to be paid back over 10 years. This would not be reported to my personal credit and I am looking at using the funds to...