Kwame Essieh
Hit a Debt to Income Ratio Wall
Hi Everyone, I think I've hit a wall with convectional loans that I believe will prevent me from pursuing deals for a while. I own four multi family buildings (1 Triplex, 3 Duplexes) and make solid cashflow on them. H...
Ana Rodriguez
Are vacation rentals allowed by lenders?
Hello BP community,Do banks allow for properties to be leased as vacation rentals? If there is already a mortgage agreement in place, what would prohibit owners from entering the short term rental arena vs doing long-...
Khalil Hakim
I bought a property subject to An there is 30 days
What’s the best way to handle the taxes on a property I just purchased. I’ve heard of tax lenders, but don’t have equity in property it was a “subject to” deal.
Anyone can point me into a tax solution.
Brian Moss
New home purchase conversion from owner occupied (Prim) to Rental
in process of purchasing a new construction home. will be closing in 6 mo. we bought it as primary home. but change in plans. now want to close it as a rental/investment property. can the builder or builder's mortgage...
Matthew T.
Income to Debt Ratio too high
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...
Thomas Bullock
Best Loans to use to scale
My friend and I are both veterans. We invested in a 3 family property about a year ago now. 100% of my friends VA loan was used, however, I am still on the loan because it was the only way we could get approved for th...
Ashish Khera
Buy with all cash and then refinance questions?
Hi All,
I have just started out on my RE journey and have 2 properties. One turnkey and one other SFR. Both of these properties are financed with a conventional loan at 25% down. I have a question about financing.
...
Steve Marshall
Issue getting a mortgage due to low dollar amount
Couldn't find a similar discussion.I recently started working on getting my first investment property in the Pensacola, FL area. I have enough cash to put 25% down on a smaller property (30-60K) plus this seems to b...
Charles Heyward
Three Reasons Why a Short Sale Is Better Than Foreclosure
What not many Realtors or advisors are willing to admit from the very beginning is that when a homeowner is in debt, both the foreclosure and a short sale can have a devastating impact on the credit history. However, ...
Troy R.
Buying Property and equity.
I have a question.While searching for houses to invest in, i found quite a bit. They all totaled to $1million. But I only have $500k.Is it a good idea to instead of getting a mortgage for $1million, should i buy all i...