Konrad R.
How should I setup this business deal?
I have a family member that wants to get into house flipping as well. I'm thinking about loaning him the money for the first flip. Some key criteria are:-I want to purchase the house in my name.-The taxes will be paid...
Ben Tilbury
First Time Buyer Seeking Help to Find Creative Financing
This morning I met with a local mortgage broker here in San Luis Obispo, CA in order to get an idea of what I might need in order to qualify for my first mortgage. I am searching for a multi-family property within my ...
Meg Schlesman
Solo 401k/SDIRA question
Good morning, We have an old pension that is offering a lump sum payment option (approx 50k). Is it possible to roll into a solo 401k and use that money to fund down payment for 2 investment properties? I assume we...
Renee Lee
Strategy DTI to high credit score 775/780
I’ve got a strong credit score. And I’ve got a total of six doors. But I can’t seem to qualify for an additional property due to my debt to income ratio. I’ve owned all but one of these properties for more than 15 yea...
Chris Coon
How can I use real estate as collateral?
Hi, I am just getting started in real estate investing and looking for advice on how to fund deals creatively. I would like to know what it would take for a private lender or hard money lender to fund a deal while usi...
Peter Yun
How to get a loan on a commercial property???
Hello BP members! I first like to say what a community! Very good advice on the forums but now I would like your help! My parents are legal immigrants that have established a good dry cleaning business in the metro De...
Pete Smith
Hurdles in Qualifying for a VA Loan
Ran into a problem trying to qualify for a VA loan. My income and credit reports were fine and I qualify for the amount I'm seeking but...I'm the majority shareholder and managing member of an LLC which consolidates s...
Sebastien Hitier
what is a normal upfront cost of a mortgage?
Hello BP.The best I could get for commercial mortgage with my credit and personal profile is 5.5% 5Y ARM. I am refinancing 5 properties at LTV 60%, loan amount is $395,000. Lender is a small local bank.The DD took for...
Monica Pina
Starting out: Buying an income Property in Denver
I submitted a cash offer for a one bedroom condo on a short sale, in the heart of Denver. This is my first experience with a short sale and an income property of my own. I understand that typically condos are not cons...
Daniel Howard
Hard Money Lender Shopping
I'm shopping for a hard money lender for my first flip. I'm making phone calls and asking questions about each lender's terms and how they expect to work with real estate investors. Does anyone have any suggestions on...