Mary Chen
Suggestions on doing a investment property loan involving 1031 money?
My parents are planning on selling their investment home (SFR) to buy another home in Hawaii (i.e. 1031). They expect to not qualify on a loan (since income is likely too low) so my siblings and I want to cover it. We...
Gabriel Rocha
Self Directed Retirement Funds
Has anyone purchased a rental property using a self directed retirement account and had to finance the purchase? I am looking into this option and curious if banks are willing to offer financing?
Vincent Casiano
Vacation home mortgage
Good afternoon folks,
I’m working on acquiring a STR in IN. I’m going to use a vacation home mortgage to fund it. Is there a minimum amount of time from close until I can start using it as an Airbnb?
Thanks in adv...
Gershom Lewis
Finding the Money to finish fixing my basement for Airbnb and New 3 family Build
Good Day Bigger Pockets,
It seems that I reached a road block. I need additional funds to finish my basement, and to start builiding a new house on the lot next door to my present three family. How do I get funds wit...
Paul Gwilliam
Multi family lender resources in Cincinnati, Ohio?
If you haven't seen my other posts, basically, I'm new to the Cincinnati market and I'm starting from ground zero with real estate contacts here. I'm looking at some potential deals, and I'd like to have some good le...
Jithesh Prabhakar
Non-Recourse loan from Uncle living overseas
I have a situation (explained below) and need some advice.
Background :
* My LLC and Solo 401(k) signed a Land Installment Contract on Dec 6th 2013. The percentage of ownership was 60-40 respectively.
...
Deborah Wodell
Thoughts on Using DSCR Loans
Hi fellow investors,
I’ve been hearing a lot about DSCR (Debt Service Coverage Ratio) loans lately, especially in the context of long-term buy-and-hold investments. For those of you who’ve used DSCR loans, I’d love t...
Rashelle Turner
Paying cash for land. Loan type to get my cash right back?
Hi all! In today’s market I need to use cash to buy this large tract of rural land and beat out the other offers. I will then start construction. I need to be able to pull the cash from the land purchase back out as...
Maiko Miyake
Could LLC harm the chance of getting mortgage?
I was just talking to a CPA about setting up an LLC to hold my investment property. He cautioned me of this approach (although he thinks it makes sense from asset protection stand point) lenders may not give me mortg...
Ryne V.
Self employed loans?
Hello fellow BP'ers,
Both my partner and I are self employed in the horse racing business. We can't provide any W2's or a proof of monthly income due to the fact that our earnings are based of off race outcomes...