Armando Montrond
Frustration/venting post any ideas about my situation with DTI
Here is my current situation. I currently am house hacking a 3 unit home in Worcester MA. (FHA at 2.25%) I have lived here for 1 year and want to purchase another property with a low down payment. I have found credit ...
Chris Kendrick
Cash out refi seasonal period
Cash out question
My plan was to buy property using my heloc, whole lot cheaper than Hard money or private. Fix it and Then do cash out refi and pay my heloc back in 3-4 months.
I was about to get qualified with cr...
George Wolff
1031 exchange
In order to do a 1031 exchange do you have to reinvest the total amount that you sold your property for?
James Gravitt
RMLO License/SAFE ACT
I was thinking about getting my license to become a loan originator. Its only 4 days worth of class time and it costs around $300.
With this I could also do loan originations for other people and charge a fee.
Do yo...
Denise Evans
Tenants and Animals
We are all familiar with issues related to service animals (specially trained and certified dogs) and assistance animals (such as emotional support animals of any species or breeds).This post suggests a compromise res...
Hossam Elaskalani
Question about Pre-Approval Process for Non-QM Lenders
Hello, I am in the process of getting a pre-approval before I start my hunt for my first rental property. My mortgage broker is pushing the idea of a non-QM lender being the one who funds this deal. My broker says I c...
Christopher Dunson
HML Offered me a $1 MILLION DOLLAR CREDIT LINE.
Thank you ahead of time for reading as I am excited, but at the same time feel I need to have a solid plan and everything organized ahead of time.As someone who is newer to real estate, but with high goals and expecta...
Ralphie Hernandez
I make too much money...
So today I called my CPA to let him know that I’m going to be buying rental properties in the near future. I Wanted to get some insight on some of the tax breaks I would be getting for having rental properties, he ...
Pier Di Giorgio
Real estate "professional" status with the IRS
Does anyone who had claimed status as a Real Estate Professional with the IRS also have a full time job? I own 4 rental properties and I also work from home a medical supplies sales rep. I buy and manage the propertie...
Jeff Caravalho
Advertised rent too low
Apparently I advertised my rental too low because I have 80 people interested in 2 days. I advertised $1700 but I'm at least $50 low for sure, maybe $100 or even $200. How should I approach this from a legal stand...