Kate Spears
HELOC for BRRRR - should we max out our line of credit?
HELOC for BRRRR?We are in the midst of securing a HELOC that we intend to use to pursue a BRRRR deal(s). We would like to use the HELOC becuase all-cash offers are king in our market and we also realize that few if an...
Tony P.
Creative financing help for self employed
I'm a 1099 contractor.I won't be able to show income untill I fill my 2020 returns. I'd like to purchase a property however I won't be able to get a loan until I file. Are there any strategies I could use with a sell...
Kieran Dowling
my first deal
I am a new investor and i am intrested in a property but thw owner is on medicaid and can’t receive income above 2000 a month or she will lose her medicaid. We talked about seller financing and she said she was very i...
Gustavo Delgado
Save this deal! What can I do..
I have a condo of mine under contract. Everything was running fine until Underwriting wants to know about the 10% for reserves in the HOA account. The annual budget for the hoa is $850k so they want to see $85k in the...
Romeo Nava
How to fund investment properties with little cash.
Hi fellow investors!I am looking to add a 2nd investment property to my portfolio but I have no cash to do so. I have spoken to lenders about traditional financing and also DSCR loans. I have heard about doing deals w...
Karl Hudson
Tri-Plex Renovation Loan Interest Rates
Hello BP Community,
I have a question regarding my triplex in Ocala, FL. The property needs a new roof, a new parking lot, and a few other minor improvements to enhance its performance. While I have sufficient liquid...
Cole U.
Finance Advice
Hello BP,I'm hoping for some friendly advice. I'm looking at a foreclosed SFR in a B to B- area that I am thinking about buying as a rental. The challenge is that it doesn't need any work (seriously, it's spotless),...
Jason Nguyen
Which strategy works best for the current market condition?
As you may have known, interest rate went up a lot recently and that forced the majority of retail buyers out of the game. Therefore, flipping takes longer to sell or may need to go down in prices if on market too lon...
David J.
Help me to understand local bank refi for SFH
I am trying to plan out my first BRRRRSuppose I have a property rehabbed and rented that is VALUED at $70KNow it's time to refinance and pull some money out to fund the next property. I have 7 Fannie/Freddie conventio...
Tomiko Graves
Should I register as a business (LLC) before I get started?
With the tax breaks that come along with owning a business, should I register as a business before I start flipping houses? I'm just concerned that the money gained will count as income which could be a tax nightmare.