Christopher Nemlich
Cashout Refi reason being asked
Hello,I'm currently working to cashout refi my primary residence as I believe I can free up 80-100k to invest with. In working through the process with the lender I am now being asked for the reasoning for my cashout....
Carnet Williams
When to form an LLC and type of Trust
Greetings. There's been a ton of discussion around when to form a LLC. I would love to solicit your advice as I'm guessing many of you have gone through the same thought process. A bit of background info:1) My wife an...
Joshua Davies
DTI & Multiple Investors
Hi,
I am currently looking to purchase 2 rental properties and have 2 investors that are funding the down payments for 2 separate properties. After learning that you can’t get conventional loans for LLC’s we have dec...
Andrew Yu
BRRRR Refinance Stage
I recently got a duplex under contract for 27K. It needs about 7K to fix up. But it can cash flow $900-1000/mo. I plan to use private lender money to fund this whole deal. My concern is mainly at refinance stage. What...
Joseph Ruzic
Financing Help 2nd Rental
Hi all, I am looking into getting my second rental. I am wondering so practical applications of non traditional financing to do this one. I used my own money for the 20% down in the first and although I have enough ...
Frank Jones
Internet Entrepreneur Diversifying with Real Estate
Hello everyone,I have been listening to the Bigger Pockets podcast for the last few months with the intention to begin investing in real estate within the next 3-5 years. Now, I find my business is growing more rapidl...
Nam Tran
Modular home question. Please help
My brother is looking into buying a piece of land and using a company to build his modular home. He's asking me what I think about this. I have no idea about modular homes. Have anyone used this service before and any...
Rachel Luoto
Help interpreting FHA "occupancy" clause??
Good morning!I am in the middle of an FHA owner-occupied live in flip. I was talking with my lender and he pointed out the following wording on my loan:"This offer is being submitted that I/we will occupy the property...
Paul G.
Small Portfolio Loans... Even Possible?
I have a Condo that I'm looking to buy with a partner. But it looks like the property wont be warrantable because about 50% of the units are currently rentals. I've been told that a Portfolio Loan could work in this...
Jason A.
Homeowners Insurance on a House Hack
Hello everyone,I am well into escrow with a 4plex house hack (primary residence) that I am doing. I got two quotes for homeowners insurance. One quote is nearly double the amount than the other quote. I asked the brok...