I'm looking into other possible low money down loan programs and wanted to gather some investor insight before going any further with lenders. I'm a first time buyer planning on buying a 2-4 unit multi to house hack w...
Hello Everyone,
I am getting a mortgage note with a UPB of 60k, amortized for 6 years at 8% so the monthly payments are $1051.99. I would like to use it as collateral to borrow 42k from a private lender, interest on...
I have a few vendors that I paid over $600 for services that were independent contractors and wanted to know the process for taxes. I have some W9s and some I don't. How do I proceed from here to include the labor cha...
Hello,First time buyer searching in Cleveland. My agent has presented a turnkey duplex to me that looks good. Right now I am looking for a lender and have spoken with 2. One recommends a DSCR loan and the other off...
Hey Guys!This question comes from my search in finding the next stage of funding after I max out my 10 conventional 30-year Fannie Mae Mortgages for our rental properties. We've met with several commercial/portfolio l...
I`m a total newbie so I have some question after reading and listening to a lot of materiel here and on the web. 1) what do you look for in the due diligence process of buying a performing note?2) what discount should...
Looking for some advice. We have been wanting to buy a second home to move into and rent out our current property which would cash flow $600 a month. A few months ago we took out a second mortgage of $25,000 since we ...
Hi everyone,So I am currently screening tenants for a 2 bed 1 bathroom, and I am having a little trouble finding qualified tenants. I was contacted and talked to by a guy who does Lease to own for a "We buy Houses" p...
We have a decent amount of money in my husband's 401k (around 100k, maybe a little more). My question is, have any of you taken money out of your 401k and taken the tax hit (which I believe is around 25-30%, possibly ...
Write Hello BP community! I am a newbie. Joined BP last year and closed on my first rental half duplex this past November. The duplex is rented and is cash flowing almost $300 a month. But - after buying that rental w...