Looking at A Single family that is broken into 2 units. Tentant upstairs and downstairs....$650 a piece. Last Appraisal was $68,700 , Very good neighborhood - A lot of renters, close to capital and downtown. FMV of ...
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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...
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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...
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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...
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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...
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...
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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.
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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...
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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...
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Hi all, I would appreciate any guidance on my situation. Last year My brother and I co-bought a house for my family to live at iin CA, since then ive relocated to TX and I am currently renting an apt. I didn’t actual...