Brent O'Reilly
DTI with the BRRRR Strategy
Hello!I am a homeowner in the suburbs of Cleveland and am about 2 years into a modified BRRRR property. I bought a foreclosure, fixed it up over the past two years while living in it and am now refinancing (cash-out)...
Account Closed
Guilty Plea in scam targeting homeowners facing foreclosure
There is a right way and a wrong way to deal with foreclosures. He chose the wrong way. Don't even *think* of doing it.Defendant pleads guilty in scam targeting homeowners facing foreclosure Jan 23, 2018 Info Wyandot...
Frank S.
Married Title Under One or Both While Married
Hi, There is a limit on the number of loans each SSN can get. When married and purchasing cash, should the title be under one of the spouses or both before applying for delayed financing? What's easier?
Roy Gutierrez
Financing Options after 5 houses and no full time regular job
Hi,I started investing in 2012, accidental investor but here I am, I have 5 properties, 2 long term rentals, 2 vacation rentals, and my own home. I quit my job to keep my sanity so now I depend on my houses and some w...
Kirsten Miklethun
Can a loss from rental llc offset w2 income?
Had a loss this year with a property owned by llc - Can that loss offset income? Or does it just count as 0 income?
John Crisp
Noob Questions about BRRR
Noob investor wanting to learn everything about BRRR. I have 10k cash and 25k HELOC on home "A" and am researching the best way to get into REI. I recently talked to another investor that recommended I take the 25k HE...
Kama Ward
Trip to buy kitchen, can I add to basis?
I took two trips of approximately 300 miles each round trip to buy my kitchen cabinets/sink/counter tops. Can I add these trips to the basis of my rehab?
If so, how do I calculate that? Miles or actual? Can I figure ...
Stephanie Medellin
Cash Out on 5-10 Financed Properties After This Weekend
This weekend an update to the automated underwriting system that lenders use is going into effect. It's going to evaluate multiple financed properties differently, and will be removing the restriction on cash out for...
Mat O'Grady
Residential mortgage for a property with two buildings?
Hello All,Just looking for clarification. If you have a property with two buildings on it and one is a single family and one is a three family, does it still only count as four units and thus qualify for a residential...
Keith N.
How to get a mortgage loan while working a contract job
Hey Guys,I own a single duplex property in Raleigh which I currently owner occupy and rent out the other side as well as rent to a roommate. My total monthly payment is: $1143My total rent while owner occupying is: $...