At the moment I have separate savings accounts set up with a single bank. Some of the savings accounts are personal, while the others are what I would consider "business" savings accounts: property tax escrows for...
Under contract on a portfolio of 6 properties/14 long term rental units. Seller financing for the 25% down payment. We are hearing that DSCR loans will not accept a 2nd position lien such as seller financing. How do w...
Hello all!
I have two 403b accounts from previous employers and am interested in using this money for a down payment on a property. I’ve seen info about 403b loans (doesn’t seem like this is possible since I’m no lon...
Hi members,I recently met my CFP and he concluded that after all these years of accumulation in 401k it's time to take steps to minimize taxes and reduce/eliminate RMD. As expected, he recommends Roth conversion and ...
Hi guys. I'm a new real estate investor just looking to get more knowledge on how FHA loans work. If somebody wants to get an FHA loan, then eventually turn that into a rental (short term or long term TBD), how would ...
Hi everyone, I am a relatively new RE investor. I have completed one deal (buy and hold turned into a fix and flip) and I am in the middle of my second deal (house hack turning into buy and hold). I have listened to m...
Hello BP enthusiasts...My first two flips were successful, but like most, raising capital is a challenge. For our next two flips (both under contract)-- advisable to use Hard Money or my old (separated from employer)...
When taking a hard money loan out. Do you pay a monthly payment back or how does it actually work?I am very new to this, but want to educate myself on the knowledge i need to be able to pull the trigger on my dream of...
Hello fellow investors,I want to give a quick overview of my real estate investing story so far and then get into a couple questions regarding banking and financing. I've always had an interest in real estate investi...
Im looking to get my first property off of a friends father. its a 2 bed 1 bath single family home in a good location fully remodeled and rent ready he wants 45k for it but would probably take 40. I'm wondering where ...