Matt Patrick
Help!!! Duped by hard money lender!
Hello everyone, this is my first post on BP. I have been using the advise of this community for sometime now. Here is my situation. I just recently purchased 2 properties to fix and flip. I used the same lender on...
Account Closed
Listsource Criteria: Equity % vs. LTV
Howdy,
I am planning to start my first direct mail campaign this month and have decided that I will purchase from Listsource and mail to absentee owners.
My question is,when it comes to criteria, is it ...
John Carr
First Time House hack, Do I need more help then my HR Block tax person
Hey Team,Quick run down. I live in my PR located in IL, but bought a home in FL with my daughter which she is house hacking. We are renting out 3 rooms atm. Since I make well more then my daughter, the plan was for me...
Lisa Sluss
Cash poor, real estate rich
I own two properties free and clear, with a total value of $750,000. I live in one and rent out the other. I’ve been turned down for a HELOC by three different lenders (Penfed, US Bank, and Wells Fargo) all because ...
Matt Pieper
Refinance question (somewhat academic)
Hi All,Going thru a refi right now on a SFR property and wanted to hear your thoughts. The basic numbers: 123k balance with 16 years remaining. Current rate is 5.49 Im talking with Quicken Loans about doing a refi, ...
Derek Luttrell
What do you actually end up paying in taxes?
Hi All,I am under contract on my 3rd acquisition in 2018, so I have yet to actually file a tax return with rental income on it. Is there a general rule of thumb for how much you actually pay in rental income tax after...
Robert T.
Creative Solution Needed
Hey ladies and gentlemen, I dont post much but stay active on the site and podcasts. Love all the ideas and info that moves so freely. I found myself in a situation that I'm hoping you can help me out with. so..Ive...
Ethan S.
How do VA loans work with investment properties?
How exactly do VA loans work? I'm a little familiar with how VA loan work. VA Guarantees loans for veterans.Provides guarantee to the lenders for the loan.PMI insurance is not required.The max entitlement is $104,250...
Matthew Palanek
Question about getting approved for a mortgage
So in Feb 2014 I will be trying to get pre approved for a mortgage. My issue is, my monthly income is only about half my total income (the other half is split amongst quarterly bonuses. So my question is when getting ...
Stephen R.
Partnering solo 401k with Hard Money and prohibited transactions
I'm looking to partially fund a fix and flip using money from a self-directed solo 401k. My thought is to purchase the property using hard money and then fund the rehab, which exceeds the purchase price and current va...