Duane Richards
Funding Properties (personal vs com) while maintaining OZ status?
I created an LLC in 2019 to invest in an opportunity zone, and now those properties are getting ready to close. I need to get lending for these properties, but as I understand the OZ qualifications, the properties nee...
Shaun Wang
Before Getting Creative...
Hi BP, my family are buying our first multifamily home, we need about 700k in mortgage ( with 200k down payment), problem is the family only filed about 30k income last year, the bank can offer about 300k at 3.75%, so...
John Matthew Johnston
Commercial Loan Number Help
Hi I am new to commercial loans and I was wondering if i could get some help telling me if these numbers look ok. A little background, we went the commercial route because we are running into DTI issues. THE NUMBERS:L...
Daniel Highsmith
Need some help analyzing a deal
Found a duplex and need some help with the numbers. I've been looking for deals on single and multi-family houses but i can't get the numbers to work right on any of them. At least i'm learning, right :) Am I overesti...
Paul W.
Keeping it vs selling it, what to do
Hi folks, long term lurker, first time posting. My question is pretty simple. My wife and I aren't sure if we should sell or keeping renting or first home w bought in Gilbert Az.Part of the reason we are deciding no...
Eric O.
What to do with proceeds from sale?
We sold our former primary residence with the proceeds being tax free. I want to make sure I’m making the right investment with the proceeds. We own three condo rentals which are all financed on 10-yr loans. Very smal...
Jonathan Watson
Stay w/ a 15 yr @ 2.75%, or go to a 30 yr and take the cash?
Just looking for a little advice/insight into how best to approach my mortgage.Current Situation...I have 15yr fixed on my primary res. with 14 yrs left. I owe about $225k on it still (home is worth about $485k). Int...
Mitchell Maginnis
STR quick & dirty calculations
Hi!I am wondering if anybody has any "quick and dirty" calculations (similar to the 1% rule in LTR investing) that they use when underwriting STR's?I have heard some are aiming at 20% COC return. Does that include dow...
Victoria Radcliff
Over pay on a mortgage?
On your own personal mortgage (or rentals) do you may more that what is asked? I have all my friend that pay $100 or over the dollar amount required when their mortgage. Do you do this? If so, why? If not, why?Thanks ...
Matt Finneseth
Put cash flow towards principle?
This is something that I haven't seen yet as far as an investment strategy. I've thought about taking the cash flows from the rental and putting it towards the principle on the loan in order to expedite acquisition of...