Michael Macaluso
How can I become approved for a loan?
Hey everyone!I’ve hit a bump in the road on my goal to my first property. I’m having trouble figuring out how to become approved for a loan. My current situation is I’m a bartender who makes 45-50k a year roughly. I h...
Mack Lev
Taking out investors loan for tax sale auction practical?
Okay so granted my situation..
•$5k line of credit
•1 cheap rental property owned free and clear
It's a start to start rolling in real estate but to me honestly my resources are limiting me. So I was considering tak...
Jonny Morris
To use home equity or not...?
We bought for about $363k. Put down 80k on the house to avoid mortgage insurance. We have now put about 50k into developing an apartment above garage as our "1st property" rental which generates $1250 per month. Rece...
Nathan Kawalerski
LLC vs Umbrella Policy
Trying to weigh the costs and benefits of LLC vs an umbrella policy for a long term rental? I have read an LLC can hurt your loan terms is the same true for umbrella policy. Wondering which one is safest and most cost...
Account Closed
Full time college only work part-time. Please Help!!!!!!
Hi, I'm new to Real estate, I just got out of military and currently attend full-time college using GI-Bill so I am collecting around $2k+ for BAH and only working part-time. I've been saving enough for the down payme...
Julia Bykhovskaia
Lenders for Short Term Rentals
Hi everyone, happy Monday. Has anyone had any luck finding a lender who would finance 80% of the PP, out of LLC, based on projected STR income? Or using existing properties as comps? TIA.
Daniel Judge
Rookie Refinance Crossroads (BRRRR)
Hello, I'm looking to get some expert opinion/advice for a situation I'm considering on my first BRRRR deal.
Background: I have a duplex in a gentrifying Columbus, OH neighborhood. Doing the BRRRR model and nearing t...
Nate Tew
Tax Return Came Back- Great Return,Terrible News on Loan Approval
Hello all, Story: I am seeking some advise on a personal challenge I have just run into with getting approved for a loan for a primary residence. We own 2 investments properties and they are in our LLC that was formed...
Greg Smith
Can I lend my LLC money?
I ambuying a house through my LLC with mostly personal money. Can i buy a house, pay 20% from the LLC account and then make a loan to the LLC for the balance? Is that necessary? I try to keep personal and company m...
Dan Romero
Letter of authorization
Hello BP,
What exactly is a letter of authorization? I believe is used to give you access to have a title search done on a property but I'm not sure. Can someone clear this up for me.