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Hello All,Thank you in advance for the help. I'm reaching out as I'm getting ready to make my first purchase of a property. To give you the details on the property, it's a single family residence with two in law sui...
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I’m 23 years old, graduated from university of Alabama may 2020 & currently employed in a 2-year commitment for a collegiate non-profit (ending may 1, 2022). As much as I’d love to begin my RE career this summer, ...
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Hello, I am thinking of getting equity out of a paid-for rental and use it as a downpayment for another rental. Someone told me that when you do not use the loan to buy, improve the property you borrowed money from, ...
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This question is for anyone who has a relationship with a portfolio lender, does your lender require a set amount of reserves per property like Fannie Mae? This is not a debate on whether you should have reserves. For...
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Before I pull the trigger to sign a Purchase and Sale agreement for a performing 1st note from FCI, I'd like to understand the ideal closing process.Would you recommend I hire a local title company to preform a title ...
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Hi Wonderful BP Community, I am in the process of acquiring an out of state property for mid term rental. The proceeds used to acquire the property will be from my solo 401K. I have my team on the ground when it comes...
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I bought a house at the peak in December of 2022. I used a DSCR loan to get it done. 9.375% interest rate. I'm coming up on 2 years of income produced by the property, any suggestions on how to get a lower interest ra...
I have a couple questions. I have about $25K in a self directed IRA. I want to use the money for purchasing a rental property for our real estate investing business. How would that work? Can we use part of it (being t...
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Hi everyone,I have an LLC that holds a couple of properties. Am getting a lower premium (approx $250-$350) if I have one of the members of the LLC as named insured. Upon some research, I found that the 2 disadvantages...
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Hey everyone, I set up my LLC through Legal Zoom and with the business package came a free consultation with 1800 Accountants. At which point following the consultation they offered their unlimited services (access to...