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Applied for a 5/5 ARM with 10% down. But I didn’t qualify due to my debt-income ratio. I already own one SFR in Boise plus my primary residence here in Portland, Oregon. So if I could figure this out, I would own a se...
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I’m working with three partners on our first brrrr. We were doing some homework on financing when a great deal fell into our lap. We decided to make an offer on a 4/3 single family. After a few counters, the offer was...
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Hi, I am under contract on another property. I am either going to flip it or keep it as a rental. I am getting a hard money loan for the property under my LLC, but if I keep it I would like to refinance out of the HML...
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Hi Everyone, I currently own a Duplex in Wauwatosa. This was done with an FHA loan in 2020. I refinanced out of that in 2021 thanks to the market going up so much. Which made me eligible to do another FHA loan which I...
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I am about to acquire a property using cash so we can do a fast close. I am then going to finance it with standard mortgage. I thought I could deduct the mortgage interest from the loan but read somewhere I can't do...
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To be more specific with an example, with the "bank rule" of only lending out 4 mortgages per person, if I had $300k cash in the bank and took out a loan on 4 $40k properties, would you be done at that point bank loan...
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BP , I have a question should I get a LLC when purchasing a rental property? Or should I purchase in my name. Does anyone have any knowledge in this area. Your help will be very appreciated thank you in advance.
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So I recently purchased my first investor property (single family home) which was really exciting, we got it rented quickly and the numbers are all where we want. When we had been talking to the bank originally they m...
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I'm a serial entrepreneur mostly in technology. I've been doing a lot of research into buying properties where I am from in Indianapolis, IN. Before getting too far ahead realizing I need to figure out the lending pro...
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Hi all, I'm thinking about getting into the STR market. Just wondering about how to acquire a STR loan. I'm assuming it will be a DCSR type loan. Is there anyone who could recommend a lender? I'm based out central Mas...