Christopher Beasley
Help with DTI denials moving from first home to 2nd
I am pre-approved for $350k. I am using a VA loan and must live in the house for a year before I can move. The payments would be $1976 because I am exempt from taxes. My income is $7600 a month and I have $600 in debt...
Matteo Girlando
Do you need to have any REO to apply for a DSCR Loan?
Hello gents!I’m starting my journey into investing in real estate. My idea, together with a partner, is to use the DSCR loans to buy different properties in the midwest. Talking with a lender he told me its not possib...
Aaron Hunt
0% Down, Owner Occupied...Yes or No?
Will be moving soon to a (annoyingly) HOCL area for career and to be closer to family.Based on career/projected income, was offered a 0% down, no PMI, owner-occupied option (Rate is ~4.8%) from a bank we have a relati...
Calixto Urdiales
I Want to go LLC!
Hello there everyone,
Now lets see I wanted to create an LLC for multiple reason and I needed to be clear on some of those reasons! The following thread is going to be me asking questions pertaining to an LLC and the...
Justin Polston
Local bar owner looking to sell, tax implications/capital gains amounts if owner lives in property (and has for 40 years)?
Hi all, I listed a local bar/tavern recently and the owner lives in the upstairs and has for quite some town. When the property sells, what are the tax implications for the seller? There are no liens, mortgages, or...
Nicholas Aramouni
Purchasing my first two units - Not sure how to maximize approach
Hello Community. This is my first post on BP, and I am excited to be here to contribute and learn from the community! I am beginning my investing journey soon and I know this is a great place to start. I've really had...
Carlos Flores
Financing multiple 1-4 unit properties with Fannie and Freddie
I've seen several posts lately about the number of 1-4 unit properties one can finance with Fannie Mae and Freddie Mac, and their respective guidelines. While the two GSE's are somewhat similar, it's important to reme...
Yiyi Guo
'settling down' before investing? (currently@Milwaukee, WI)
Hello everyone, I'm a young professional who just started to learn about investing. Currently I live in Milwaukee with my husband in an apartment, and we are considering buying a multi-family in a year and start house...
John McAuley
Trump Tax Plan - Calling All You Tax Gurus
I haven't seen another post about it so I thought I would start one. I've read the 9 page tax plan summary. Although very vague, it provides a framework for what they are going after and mentions several things I th...
Joe Evans
Buy home + spend all savings OR rent apartment + keep savings?
I'm currently renting and recognize that my money is better spent going towards an asset. I have a modest amount of money saved up that, if paired with an FHA loan, could land me a home here in Austin, TX!My dilemma: ...