Ben C.
BRRRR STRATEGY QUESTION (REFINANCE)
Hello,This is a question for those that have already applied the BRRRR strategy….What does the bank look for in terms of leverage when giving you a 70% LTV with the new higher appraisal price after rehab? Assuming yo...
Sarah Jukes
Refi loan Rebate/Points reasonable?
6 months ago we got our 1st refi cash out against our home to purchase a rental property, plus a mortgage on that property. Costing us over $10,000 in broker/underwriter fees for the 2 loans. Our mortgage broker conta...
Andrew Michaud
I am 21 yrs old looking to purchase a multiunit property. Advice?
O am 21 years old living in Maine. Very interested in a 4 unit apartment complex with additional commercial space that is currently a turn key beauty salon in business. All 4 units are occupied. Four 1 bedroom 1 baths...
Michael Nelson
What do Hard money and private lenders need to see
Hi, What seems to not be mentioned often is exactly what hard money lenders want when presenting the deal to them and what that turn around time is. Context- Where im looking properties that are good deals move fast. ...
John Franklin
Best steps to convert inlaws home into a rental
In 2020, my wife and I put the down payment and are the Title holders on my in-laws home near us. There is discussions of them potentially moving and was wondering what the best steps are to convert it into a rental ...
Naya Marquez
Bank Recommendations in Tampa for First-Time Househacker
Hello! I'm looking to purchase my first house hack early next year in the Tampa/Clearwater/St. Pete area and want to know if anyone has recommendations of banks I should go to to inquire about a loan? Preferably local...
Nick Benedick
Partnerships and LLC’s
Good morning Community,I just rented my first property out that I own by myself. I want to partner with someone that lives out of state so I can grow a bit faster. My question is, when do I set up an LLC? Assuming ...
Bryce Young
Self-Employed, Trouble getting a loan
I'm a college student from Utah. My wife and I have been struggling to get pre-approved for a loan. We've missed a few deals because lenders don't see our work history or current employment as reliable.We are going to...
William Wong
Financing for foreigners buying in the USA
What is the minimum down payment required if you are a non-US resident? I have been looking into US turnkey properties but am getting the impression that my only option is to rely on non-recourse lending. This would r...
David Hernandez
Rental Purchased! What’s Next?
Hi! I am very close to closing out on my first rental property. Besides a few tweaks, home is move-in ready. I want to get a “checklist” of what I need to do next in terms of the legal side and paperwork to get this t...