Account Closed
Portfolio lending
Hello,We are closing on property #10 this coming Friday and we just got #11 under contract ... All exciting, except that when we close #11, we will have a total of 7 mortgages (1 for our house and 6 for investment pro...
Maen Abu Khater
FHA Self Sufficiency Test
BP Community, There is a Multi-family (4-plex) that I am interested in purchasing. Currently all 4 units are 1 BD 1 BATH Units and with the current market rents for 1 BD 1 BATH..... The property doesn't pass the FHA S...
Jason Kang
Help! What do I need?
Hey all,
I'm about to secure private funding for a deal, but I'm still trying to figure out what kinds of loans I can and should be considering. It looks like getting a traditional loan under my name will be tough be...
Kevin Klaas
Financing a house hack with retirement accounts (SDIRA)?
Hi BP nation!Newbie investor here.I've been saving money in my retirement accounts (roth IRA, traditional IRA, rollover 401k) through Vanguard. I've done some research on self-directed IRAs and was hoping to open a SD...
Justin Silverio
Personal Guarantees?
For investors with a business over 2 years old and who have a business line of credit or business loan, are you still providing a personal guarantee? I've talk to a bunch of local banks over the last couple of weeks ...
Xuan "Swan" Redding
Private Notes: Lump Sum vs Demand
Hi BP,
I am putting together hard money investors to fund flips. To protect everyone involved, we will be writing up notes for the loans.
I see on LegalZoom there are 4 types of promissory notes:
Amortized, Balloo...
Vicente Pinto
buying using 3% down
Hello BP community,I am thinking of buying a property using the first time homebuyer system so that I can enter the property with 3% down. But before I can do it, there are some questions I have: 1)I am thinking of bu...
Account Closed
Need somebody with experience to look at these loan options!
Thanks for taking a look. I understand most of it, but there are probably some things I am missing. If I can find a cosigner, I would be able to get in portfolio select. Without, I would definitely be able to get the ...
Natalia Barriuso
How soon can you rent your primary home?
If I buy a home with conventional loan as a primary home. How soon can start renting it? Do I need to live there for a year first?
Kyle Keller
Veteran members / benefits
Hello!Im new to the game with a couple questions regarding Military benefits in regards to real estate investment. I have done my homework on the VA Home Loan, and understand I can only use it if I where living on th...