Scott Harper
Deals are not found they are made.
So, I agree with the saying,"Deals are not found, they are made". I have had a few that were made but can anybody share a short story of how they converted a property for sale that was not a good deal and would have...
Travis Buck
general refinancing question
If you own a house outright is it possible to refinance it if its a rental?What if you owe less than half of what its value is?
Daniel Cardona
Seller Financing - What taxes do I pay as a seller and when?
Example: All in costs on a house $60k, sell for $100k (10k down and $90k seller financed @ 10% for 30 years). I would like to know what taxes are owed and if they are immediate or paid as the monthly payments come in...
Auria Styles
DTI and Commercial Mtg question
Hi,Can anyone comment on what happens to my personal DTI if I do a 1031 exchange for a multifamily property at a much higher valuation? I've heard that lenders do not factor personal DTI into determining willingness ...
Jason Luongo
Equity Partnership Structure
When searching for private capital as down payment on rentals, how are you guys structuring the deal? 50/50 even split. One person brings the capital and one person is the deal provider/manager. 50/50 split on cash fl...
Robert Reineri
Lightly experienced (2 flips) investor seeks flip funding.
I'm interested in developing a long term relationship to fund my flips with a hard or private lender. I have money to fund the down payment and repairs. I do this full time, and I have a good credit score. If you have...
Nicholas Sheridan, Jr.
When should I be paying state rental taxes?
Hello good people of BP,
I am having a difficult time finding info on when I am supposed to be paying taxes on my rental income in Missouri. Both properties are owned by a single member LLC and I was under the impre...
Noah Davis
Conventional Loan/ Flipping
Hello Everyone,I am new to flipping. My question revolves around financing. Say I found a great property to flip. Can I use a traditional mortgage loan to flip real estate? Example below. Purchased price: 40k Rehab co...
Zachary Negron
Additional Income Stream
I am a recent college graduate with a job lined up in my field. After I can prove a year’s worth of income to lenders I would like to begin investing in rental properties. My income covers my expenses, but I am lookin...
Jake Bryant
HML for low credit score
My name is Jake Bryant. I am from Austin, Texas and local investor. I just settled the LLC. My goal is find distressed property for fixing and flipping the house. I had called different HMLs and they would have to loo...