I have a potential property I want to fix and flip using a hard money loan at the following terms: 4 points, 15% interest rate, LTV 70%. Purchase Price $415,000 (Acquisition + Skin in the game )ARV $550,000Rehab $50,0...
I created this thread from questions and answers via PM from another BP member to me and thought it was good stuff for all to read, so here it goes:
This first question stems from another post which can be found here...
Good afternoon,I am considering doing a house hack using the FHA 203K or Fannie Mae Homestyle loan. I would like to either create an adu or house hack a multifamily that may need some work. Does anyone have any referr...
This company is a bait and switch lender advertising one thing and then once you're in you are held hostage, ignored and financially penalized. DO NOT CHASE THE DANGLING CARROT. I am a LICENSED TEXAS REAL ESTATE BROKE...
In the last year our little real estate company has submitted quite a few loan applications. We've received plenty of No's and just enough Yes's, but consistently the loan officers are impressed by our Finance Applica...
Hi, new-newbie here! First, I’m so excited to be in this space and for what RE holds for my future. I recently started binging BP, Rookie podcast, books, YT, all the things. Currently in a field I’m unhappy in and I f...
Hello,I'm new to the home buying process, and currently looking to buy a home to house hack in the general north Denver \ Boulder area (Erie, Broomfield, Westminister, Longmont, Arvada). I am approved for 450k for me...
Hi all, I appreciate your help in advance on this extremely complicated topic.
My wife and I are trying to find out what exact details will count towards the 750 hours of "materially participating" in real es...
I'm so excited a new chapter just opened in my REI career! This was always in my mind, and after 3 months of going after auctions, I landed my first acquisition! For the record I have 3 rentals out of which one was a ...
I've been trying to find a definitive answer on whether a landlord (in my case, owner of 4 separate rental units) can take the 20% pass through income tax deduction for tax year 2018 and beyond. I've been reading conf...