Lance Dacy
To SDIRA or Not to SDIRA (Right at the Rubikon)
So I had a SEP IRA from my other company that sat stagnate since we went to S-CORP (this business is not a real estate business its my other business). I recently moved the SEP IRA to a SDIRA with Trust/LLC and now ha...
Deanthony Quarles
Loan and job advice needed
Hi everyone. Let me start off by stating my current situation: my current position at my company is stressful so I’m looking to move to a less expensive city so I can switch careers to something I’m more passionate a...
Henry Ko
Can I get a mortgage to buy townhouse in Brooklyn, NY?
I'm planning to buy a third house. It would be a townhouse in Brooklyn, NY. My budget is around $1.7 to $2.1 Million for 1-2 family house. I wouldn't be renting any of it. I currently have an apartment in Brooklyn, NY...
Jayme B.
2nd Home Mortgage for STR
Do all lending companies for 2nd home mortgage loans look at 2 years of W2's? My 2022 W2 income is significantly higher than 2021. The last lender I worked with averaged 2021 & 2022 together which ruined the DTI r...
Justin Bird
Cold calling private lenders
So... I've found a few names in public records on deed of trust's that are individuals loaning to individuals and RE investment LLC's.
My questions are...
What is the best way to contact the potential lender?
What a...
James Barras
30 year financing options
I see that quite a few people have purchased properties with 30yr mortgages. All of the banks that I talk to will only do a 20yr mortgage on a loan that is in the name of an LLC. They will do a 30 on a personal mortga...
Marko Bukva
Construction loan vs FHA 203k on a flip
Hi,I'm looking to buy a 3 unit property in NYC and to do a full gut, also there's a potential for another 1000sq to be added to the property and that's why i'm interested in this deal. I've never done this before so i...
Junior Silva
New LLC, business line of credit with bad personal credit?
Is it possible to receive a business line of credit using just your EIN with a new LLC? If so, what steps would one need to take to achieve this?
Jonathan Buckelew
What's the best way to obtain a loan
Hey All- I'm currently talking with a lender at a large multi-national bank regarding resi properties (2-5 units) and his covenant seems a bit high. As I will be purchasing property through an LLC, the lender stated t...
Alex E.
wholesaling properties under distress
I have heard that the best properties to wholesale are the ones where the owner has almost 100% equity. But can you wholesale properties where the owner has a loan-to-value ratio of 90% to over 100%, where the person ...