Omar Daniel Medrano
House hacking in dallas
I have carport that I want to enclose and convert into a apartment. Rough estimate is 30 to 50k investment to have it be liveable. Was wanting to try and get a heloc as the property has a 2.9 intrest rate and want to ...
Aaron Garbade
JUMBO Loan? FHA? Tampa
BP! I am working on acquiring a house hack in the Tampa area.. I have prospects and I am approved for a loan but the down payments that I am being quoted are not manageable. My DTI is good, I have 100% equity in anoth...
Jordan Moorhead
Self directed ira to avoid taxes?
If I save money in an IRA can I avoid being taxed on that money and invest in real estate with it at a later time?
Chris Wolfe
Over 10 Loans and Needing to do a O/O loan?
I currently have 16 rental properties with mortgages on them. I am needing to buy another house for myself. Can I have only 10 loans total? Or is it 10 loans PLUS one more for my primary residence? I can’t get a soli...
Curtis Bennett
What kind of insurance do I need as a contractor?
My half of the partnership is the work on flipping properties. A year in, we just closed on the third property. This property is going to need a permit for demo and structural work. Does anyone know what type of insur...
Fahima Hilal
Transferring properties to LLCs
I am going in circles with regards to moving a property into an LLC. I have the LLC set up. When I wanted to transfer the deed to the LLC , I am told the bank wouldnt take it lightly and call the loan due. My mortgage...
Mark Bascetta
Bought first multifamily. Should I make a LLC?
I just bought a 3 family house in Central Ct with Fha as my first property. My father is my partner and wants to do a LLC to protect his personal house. I do plan on acquiring multiple properties in the future. Ive se...
Ken Sanders
Self-Directed 401k Loan --Maximum Allowable Interest?
I'm looking to take out a loan from my self-directed 401k, but I'm curious as to what interest rate to charge myself. I actually want to charge myself as much interest as possible since I'm not planning on contributin...
Scott C.
Tax treatment when co-signing for a loan and also renting rooms?
My daughter is starting a 5 year graduate school program for which she will be paid a decent amount as a graduate research assistant. I am considering helping her buy a house (we will both be on the loan and title) i...
Erick Sanchez
Self directed IRA? Who is doing this? Is this as good as it sounds?
I mentioned in a prior post that I had purchased the Armando Motelongo 3 day class. In this class they spoke about Self direct IRA. They said you can put an LLC inside of this S.D. And do your business from inside thi...