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My W-2 Job is a Truck Driver and I have an opportunity to switch to a different company that will pay me more for my experience. Would this affect my ability to get financing for real estate deals in the future or wou...
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Hi BP,Looking for some financing advice as I find myself in a terrific cashflow position that lenders should love loaning to but on paper I'm falling short. The primary factor for both circumstances is that I rent out...
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We've owned a 3 family rental for 10 years. It nets about $15k per year. We owe $113k and it's currently worth $350k-$370k. My wife and I are struggling with deciding to keep it or sell it. I'm a Realtor so the cost o...
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I received a tip from a friend that taking my properties and incorporating them into a c corporation is the best tax structure for me. I've got a full time job and, for now, the rentals are supplemental income/retire...
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Suggestions on how to structure this deal. Seller willing to-do subject 2 Foreclosure in 60 daysCurrent balance $320,000Behind $60,000 to bring currentSec Mtg $5,000Arv $380,000Seller has no income to-do a loan Mod to...
I am looking to purchase a new home using the equity in my current home as a down payment. I want to then rent out my old home once I close on my new home. Most lenders think im crazy. I have over 150K in equity that ...
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For the purposes of financing a commercial multi family property in August, how would a bank typically calculate current NOI? Would they look at trailing 12 months? Or take 2019 since it’s the most current full year? ...
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Hello BP members I'm trying to get some input on what to do regarding real estate my goal is to buy and hold multi family as wealth building / cash flow
as far as rentals go i know that replacing my income will tak...
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Hi Everyone, brand new here and just made my first big purchase in a pretty expensive area (stable/growing property values, also a desirable seasonal vacation rental town). Last week I closed on a completely gutted an...
Hey Everyone, my goal is to analyze at least 1 MFH deal a day for the next 30 days. For Today's Deal, I am analyzing a 24 unit complex I found on Loop Net (Address: 11519 Pecan Creek Pky). Below are the details:Ask Pr...