Jeremiah Trapp
Debt to Income Ratio - counting my LLC debt, but not the income
Hello BiggerPocketers,I am applying for a VA loan to purchase a home (going on title 10 - active orders to Airforce Base).The Veterans United Loan Officer gathered information about all my income and debts. My spouse...
Ashana Singhania
Advised by an accountant on tax deduction - not sure if its true?
I bought my first rental property and moved it under an LLC. The mortgage is in my individual name. Suggestion Received - Create a loan agreement between myself and LLC for downpayment and furnishing costs. Deduct tha...
Michael G.
Refinancing a rental
Hello,I have a single family rental located in Connecticut that I would like to refinance to extract equity. The current mortgage is $153k and the current value by a local trusted realtor is $270k +/-. I plan to inve...
Ryan Roesch
Can someone help me decipher what this means (owner financing)?
Hello All,I'm a relatively novice real estate investor from Virginia and I'm looking at a property for sale and noticed it was FSBO. I emailed the owner asking if he would be interested in an owner financing deal. Her...
Tim Buckingham
Looking for home loan/banking suggestions
I have been looking at some properties in the Harford County area of Maryland (grew up there and I know the area) and I'm looking to get a conventional home loan (second home loan) and I'm wondering what are some loca...
Thomas Bennett
First property mortgage
I came across this home for sale that I'd like to buy for my sons, they will be paying for the mortgage.. I was told there's different rates because its going to be considered a rental ? Will I get a better rate if my...
Chris Fointno
Can I break up a bulk mortgage with muliple properties in it?
I have a seller who owns 5 rental properties under one loan. He bought them with an LOC. The seller no longer wants the properties and will allow me to take them over. The loan is at a 7.25% and I would like to take t...
Josh Dubin
Can FHA loan be paid off in 6-12mo?
Hi guys,So, I'm looking to purchase my first home with the intentions of flipping it. I need the highest LTV possible, as I have little saved up. Hard money loan programs seem to be ideal for flipping as they are asse...
Janiel Vanderhorst
Question about va loans
First time homebuyer and im in the military and stationed in Virginia. I want to buy a house in dc with my va loan but i keep hearing that i HAVE to live in the unit for a year or 2... has anyone ever used the va loan...
Caito Coloma
Banks only offering commercial loan for Duplex.
Hello BP have you experienced any trouble financing your multi-family properties with conventional mortgages/loans. To my understanding thus far is that you could finance conventional MF up to 4 units and anything 5 ...