Sam Giberti
FHA Loan Qualifications
One more post before I pass out...I’ve done some research on qualifying for an FHA Loan, as I hope to use this strategy to put a down payment on a four-plex within the next 2 years.House hack it (3 Units). As well as ...
Adrian Peterson
BRRRR - Unable to refianance due to lending conditions
Greetings! I had purchased a distressed property here in CA 6 months ago via hard money. I rehabbed it and now have a lease agreement in place (contingent upon me wrapping up with 30 year traditional loan). The lender...
David Beadles
Section 121 Exclusion for a Duplex when Occupying Both Units
Currently, my mother-in-law lives with me and I claim her on my tax return. I am considering purchasing a duplex where my wife and I live in one side and my mother-in-law lives in the other. If I decide to sell in 2 y...
Rodney Hunter
Should I refinance ?
I have a property that will sell for 190k and it's free and clear. I also have funds allocated toward the rehab. Would it be better to refi and keep the 25k toward the flip. I had plans on doing a 1031 exchange on it ...
Josh Sterling
Brokers license
After some research I have found that many states require a broker's license to form a property management company (mine does) and it takes 3 years as a full time real estate agent to get a brokers license. Is there a...
Ali Samana
Short sale and the home buyer tax credit
Hi,
I have a short sale in process right now for personal use. I know we don't have to close until the end of June, but what exactly has to be dony by the end of April? I don't want to lose out on the free money fr...
Philip Lilavois
What are banks looking for? (refi?)
when applying for a cash out refinance on a property that is owned what do banks/borrowers look for in an applicant? Is a mortgage broker more effective in this situation?
Sarah Dinsmore
Wholesaling Foreclosures
Hi, I'm new to BP and I have a strategy question. I know several people who have steady income but might not qualify for conventional loans because of their debt to income ratio (due to high student loan debt and/or ...
Dan Burghardt
1031 Exchange - Timing Is Everything
I am looking to move forward on a 1031 exchange and trying to decide on a "Qualified Intermediary". I am already putting down 25% on two new duplexes (pre-rented) which leaves me with an extra 50k. Should I investigat...
Darrin Smith
Business entity question
Hello,
I currently have a property management business (LLC) in the state of Maryland and a partner in the state of Virginia. Is it possible to hold my MD real estate license with a broker in the state of Virginia b...