Deanne Bourne
Lending after 10 Mortgages
I am now being told I have reached my limit in this residential "type" of mortgage product (20% down, 30 yr conventional) The lenders and my realtor both say I need to go to the next step, a portfolio loan. It was de...
Account Closed
Pitfalls you have seen
When people get into Real Estate investing for the first time, they generally are pretty Doe eyed. They have dreams of making it big but seldom have a realistic vision for what that will entail. It is not uncommon for...
Susan Tan
What did Susan do in 2020?
Some things I achieved in 2020 related to real estate & mortgage note investing. This is my 2nd year into real estate & my 1st year in note investing.✅ Completed a cash out refi on my first turnkey rental in C...
Austin J Gurule
To purchase a rental during my tech school?
I will be starting my tech school soon for the Air Force (As a 2nd LT) and I currently have a decent amount of money saved up (nothing crazy) but in the next six months I will be in a good position to purchase a renta...
John Irvin
Changing floor plan to maximize inome
I’m getting ready to renovate my first BRRR property. It’s currently laid out kind of funky. It’s 1100 sq ft. It’s a 2 bedroom 1 bath, with the bathroom only accessible through one of the bedrooms.I think I can get...
Jessica Kirkpatrick
Opportunity ZONE HELP!!!!!
Hello, I need some help understanding the new tax laws. My client wants to sell his 5+ unit for $600K and buy a house w studio for his art business with proceeds. Right now he'd have to pay $120K in capital gains (20%...
Jason Marshall
Owner-Occupied Single Family Home Earned Quick Equity - What Now?
In February of 2016 I closed on my first single family home. I have lived there and I have rented 2 rooms since day one living almost for free myself. I paid $150,000 and now it is worth an estimated 185k-195k due t...
Leonard Burks
203k Loan for owner occupancy on a multi-family property
Hello BP community. This is my first post on BP and I am newbie to the community. I've actually been a member for about two months now. First off, let me just say that you all are true inspirations and I would like to...
Carson Sweezy
Lost My Job, Still Buying a House
I just lost my job after the company I was working for went under. I have the money saved up for a downpayment on a buy-and-hold, but I wont be able to qualify for a traditional loan now due to my income stream. Does ...
Phil Zofrea
Hitting financial lending challenges with over 5 properties - options?
I have 3 single family rental investment properties, a primary home and a 2nd home (all financed).I am looking to get the equity out of my 3 investment properties to use to purchase more investment properties. It app...