Fernando Jimenez
opinions on starting rentals with consumer debt
need input from people that have been in this situation and survived. I am conflicted with this situation at the moment. I had 3 rentals several years ago and got rid of them after getting married. it's been 3 years s...
Tyler Stephenson
Transfer funds to business account or leave in savings
I am in due diligence period on my first investment property. My question is: should I send all my funds into my business checking account to use it as the down payment and closing costs account? Or just leave it in...
Mehran K.
Conventional Loan Strategies with Partners - JV/LLC Issue
Hi all, question on an issue I'm encountering:Back Story: I originally contact my portfolio lender (who does conventional FNMA/FMCC loans as well), to ask if he does 30 year conventional loans to LLC's with personal g...
Rico Castillo
Asking for suggestions on how to structure this deal
Hello everyone. I'm a long-time real estate agent. I did 1 seller financing for a client 4 years ago and have done 11 lease options, but they were all pretty easy.I have a buyer who needs a couple of years to work o...
Chris May
How to locate 50% DTI lenders
I've got a problem that I'm sure many other people have faced, but I'm running into dead ends left and right.We owner occupy a duplex in a very high cost area, and are trying to move to North Carolina. We'd like to bu...
Jeff Berry
How can I help or can I!
BP friends, I hope this makes sense in the description of the situation but in need of some guidance of whether I can help with this situation or not.
The situation is, an acquaintance has a SFH with a mother in law ...
Christopher Wall
Co-signing for a fha loan
When co-signing for an fha are you able to get an fha for yourself after ?A lender told me yes, I wanted to know if that’s true .
Chi Wen
what happens to your equity in a downturn?
So we all know housing will dip/drop at some point. What happens to your equity in situations when you put down 5% vs when you put 20% down?- Buy a 500k house and put 5% down (25k) and the next day housing prices cras...
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.