Kaloa Devine
HELCO's, LLC's, STVR's and Lease Purchase?
We own our home in a quiet little touristy town. I'm working now on getting it put into an LLC primarily for asset protection since we are renting out the attached Mother-in-law apartment as a STVR. Additionally, the...
Stephanie Boggs
Tax implications for private money
This is my first year using private money to fund my flips. Do I need to send my private money lender a 1099? Do they send one to me? Thanks for the help!
Chris Muller
What were the downfalls and opportunities in last recession
Given everything that is going on in the world today, it is pretty clear to me that we are headed for a global recession/depression due to the economic impact that will be felt worldwide from the Coronavirus.Hopefully...
Adam Young
Texas seasoning period and Rental history for Refinancing
I'm currently setting up my LLC for my current rental property that is free and clear for 185,000. I'm looking to refinance and pull money out of my current rental.
1. I was informed prior to refinancing this proper...
Ryan Austin
First time buyer with 80k cash budget. Portfolio loan or no?
Talked with local lender recommended by my broker. Preliminary chat he shared the following numbers:30% down required5-6% 7 year fixed then adjustableNot sure if I should try sticking with initial plan of a portfolio ...
Nick Grenon
Questions on property I rent and have mortgage on
Hello,I have a condo in NH I bought it for 130k in 2004. Then in 2012 I started renting it out and bought the house I live in. Then in 2013 I refinanced the condo for a lower interest rate (3.5 from 6.84when bought i...
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Banker New Member Intro
This is Mitch Holland from Trillions Capital Group. We are a private
commercial lender and banker. We do deals primarily USA and some Internationally when feasible.
We offer both lending facilities and a Proof of F...
David Mitro
Need help financing primary residence
Here's the situation. My fiancé and I are trying to buy a new construction home. We were set to settle on April 30. On Monday, after working with a bank for over a month, we were notified that we were denied due to...
Daniel Smilansky
FNMA Regulations Won't Accept LLC Properties
Hi all,I am in the process of seeking out financing for my first out of state buy and hold deal. The properties I am targeting are in the 25k - 60k range located in Milwaukee. One of the lenders I contacted stated tha...
Walmsley Gedeon
Who has here has used NACA?
Neighborhood Assistance Corporation of America gives people the opportunity to purchase with no money down, covers all closing cost, no points or fees and has lower mortgage market rates. Sounds enticing right? So wha...