Shannon Mease
LLC with multiple partners and mortgage in personal name
I am a partner in an LLC with three other members. This is our first venture into real estate, and unfortunately banks won't loan to a new LLC; therefore, one of the partners is going to place the mortgage in his nam...
Dave Adell
Any lenders use gross business income to qualify for a home loan?
Do any lenders use gross income to give home loans? I found one that calculates net income by using 50% of gross income from my business. Looking to see if any other lenders do the same. Thanks
David Coronado
Process to get approved for a Construction Loan & Land Purchase?
Hi BP,I've been buying houses, remodeling them and then selling them in the Bay Area for the past couple of years. I now want to take on new developments, buying a lot, building a new house and then selling it all und...
Account Closed
Owner-Occupied Buying Strategies
I'm new to REI but I currently own an LLC that I'm using to fix and flip REO properties.
I'd like to begin buying & holding for passive income as well.
I've read that a lot of people take advantage ...
Brandon Sturgill
Lender Won't Originate Loan with Seller Carry Involved?
So, my lender just indicated she could not issue a sellable mortgage with a seller carry-back involved...and further indicated that portfolio lending applies the same guidelines?...is this an institutional standard or...
Brian H.
How do I get my properties into an LLC?
Those of you that hold your rentals in an LLC? How do you do it? For various reasons, I would like to, as I buy rentals, have them in the name of my LLC. I know some people disagree with that idea, but it is somethi...
Ananth Subramanian
Post eviction: Collecting Judgment amount
Hello, I was able to finally evict my tenant. To all those stress I had to go through during this process the only consoling factor is the judgment amount I got through the Justice of the Peace Court. Wha...
James Krahula
Stock Market While Saving For Down Payment?
I am currently saving for my first down payment on a buy and hold real estate property. I'm using Barclays with their really high 1.5% APY savings account. A lot of people will argue that if you are saving for a down ...
Pavlos Kasselouris
Why use Quickbooks for buy n' holds?
The past days I'm researching ways to better systemize better my REI. So far since I have only 4 rentals the free version of RentecDirect works just fine, and if I decide to get the very affordable pro version I will ...
Matt Wan
Getting a mortgage as a non-resident US citizen
I want to buy an investment property in the United States. I have a good credit score (791 based solely on credit cards) make almost $200,000 per year, and have very healthy investment and retirement accounts in Ameri...