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Property owner is no longer able to depreciate property and said that if he sells he’d need to pay 20k. He asked if I would be interested in doing something creative with him. I am not an accountant so I’m not really ...
Hello I’m buying my first investment property a single family home. An appraisal was done and it came in at less than the prize agreed upon. The seller doesn’t want to lower the prize. My question is can I walk away f...
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Which financing is best when implementing the BRRRR strategy? Why?
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I found a seller looking to sell a 4 unit, I haven't checked but I'm almost certain I will not qualify for the full amount. How can I get creative with my offer? Can I offer paying him the difference after I get the ...
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I get a handful of clients who don't qualify for standard conforming home loan financing. Looking to partner with non-conforming / portfolio lenders / credit unions / private lenders that provide alternative options f...
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Got offered a storage facility...16 units with a small 1/1 attached (w/ 2 car garage).Seller asking $60k, projects ~$1,200/mo. income.Looking for a lender to cover the highest LTV...longest term...and lowest rate avai...
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Does anyone know if any credit unions friendly to multi-family 6+ units financing? I'm having a hard time finding competitive rates and terms because I'm over the 2 - 4 unit treshold, and under the 1m threshold for pr...
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I have 12k cash, 800 credit, 75k in real estate equity, no debt, but I’m currently making very little income on under the table side jobs. I want to get a loan or home equity line to buy a 25-40k house to fix and ren...
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Investment Info:
Single-family residence fix & flip investment in Portsmouth.
Purchase price: $100,000
Cash invested: $30,000
Contributors:
Jonathan New
Joint venture property pur...
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Hello All, I'm in Texas and I'm looking to pull some equity out of a rental property. What type of loan should I be looking at?Home value $285k, rents for $3,000/mo. No mortgage on the property. Looking for $175k- ...