Charles Holliday
investor 100% financing
Hello,I was offered 100% finance 96.5% first loan and 3.5% second loan mortgage for a multifamily the 2nd mortgage for that 3.5% MUST be paid back, but just like the first mortgage, it doesn’t have a PPP and itcould ...
Anthony Parsons
VA Home Loan to Conventional-Is It Too Late
Hello. I have recently decided to rent my home and move due to working from home. I have a VA loan at 2.25%. Being new at this I am just realizing as I intend to purchase my long-term home in 3-4 years from now, I ...
Mike Lynch
Question about Potential Renter and Cash Out Refinance
Hi,I did a rental property analysis today after you all answered a lot of my questions over the past 2 weeks. It looks like if I charge $1300.00 per month rent, I will have a Net Operating Income of $11,626.80,,, Deb...
John Morgan
Anyone ever get audited by the IRS?
Just curious if anyone has ever got red flagged or a random audit from the IRS for their rental investments. I haven’t yet, but wondered what that experience was like. I keep good records, but hope I never have to go ...
Greg Larson
Question about increasing rent & refinancing a duplex
Hey BP,I'm considering pulling the trigger on a duplex in my area that's currently renting for $700/side. I believe it can rent for $1100/side and my agent thinks it could go for up to $1300/side.If I paid $280k for ...
Mathios Yonan
[Calc Review] Confused if I did this properly
I'm 17 years old, currently practicing, and I ran into this property and decided to analyze it. I think something about this is incorrect because the CoC ROI is insane. I've listed the 2 sources that I used to fill ou...
Nate Marshall
Update on COGO, Lima One and Visio
I have been in contact with all 3 of these lenders. They are all liquid, have capital and are lending. Lending One has cut back a bit but will be back in the game by midsummer as far as MF and rental programs.
Amar Amar
Cash out Refinance on free n clear property
Hello,I have purchased a townhome with cash, free n clear. It’s a new construction from builder. I need to finance it now (to pay back the money I used for it). Is this also a cash out refinancing? Do I have to wait ...
Adam M.
First Rental Property Purchase in Jacksonville, FL
Investment Info:
Single-family residence buy & hold investment in Jacksonville.
Purchase price: $110,000
Cash invested: $30,000
I used a conventional loan with 25% down to purchase this SFH on Ja...
Glenn Driban
How to make money with cap rate lower than current interest rate.
I live in a market with typical cap rates < 3%. Given current 6% plus interest rates and need to secure financing on any property I would purchase, how is it possible to make money? In the case I've described, the ...