Tanner Pile
Getting Lenders for Multifamily
I've been talking to several lenders to do FHA loan for a triplex in Colorado Springs $530k. I currently house hack a 2/2 Condo and would rent it out. Lenders won't accept any profited rental income towards my income ...
Blake H.
Cash out Refi or Wait?
After jumping through some hoops I'm setup to make my first investment! On july 28th I stumbled upon the world of Real Estate and BiggerPockets. Since then I've been obsessed in finding a way to make it happen given m...
Karissa Sampson
$210,000 in equity-Lender counteroffers HELOC request w/ $20,000
What the actual heck is going on in some underwriting departments? Does anyone know why a lender, who initial told us we could pull $159,000, then countered with $99,999, then countered again with $20,000 would do thi...
Jordan Gerkin
How many nights in a month can a guest stay in a rental?
I have a renter asking me how many nights a month a guest can stay the night without being on the lease? I know this probably varies state to state (I’m in Illinois by the way), but is there an average? And is this a ...
Christopher Nicholas
To go SFR or small Multi-Family for my first owner occupied?
Hey BP Community,
Long time listener, first time forum question. I am using a home buying assistance program that requires me to owner occupy my purchase for below market rates (around 3% interest with $0 down). The...
Loren Thomas
To Upgrade, To Sell, To Rent, To Leverage Current Home?
Apologies if this is the wrong forum, seems like a general question to me?We have a mortgage on our current house. After next summer, we are going to refinance. At that time, we will have around 100K in equity. I'd li...
Jason Pavloff
Help/advice.. Having problems with my second real estate purchase
Ok.. So I've read a few real estate book, I'm no pro and yet obviously, and the advise I get from people in the industry hasn't been 100% true. My problem, I'm trying to prepare myself for my second buy and hold multi...
Abe Osman
Commercial loan nightmare...last resort looking for help!
Hey guys,Long story short, I finally find a property that will work for by business, but as is the norm (in my experience) with Commercial RE, the seller is an old inflexible guy that wants it quick and easy. He says ...
Darina Pogodina
International Loan to invest in Russia
Hello BP Community. Merry Christmas. I have a situation. I am from Russia but I have been living in Boston, MA for 7 years and I will become a citizen of USA soon. I have parents in Russia who due to a health issue ne...
John Hua
Section 121 question
Hi all, Me and my wife live in our SFH full time for the past year. In the upcoming year, we are getting roommates to help with expenses while continuing occupying as primary residence. We have ~400k in gains after im...