Caleb Heimsoth
15% Downpayment for Duplexes?
I've seen conflicting information on this, so I was hoping someone could give me an answer. Is it possible to get a 15% Downpayment on a non-occupied Duplex or is it 20 or 25 percent? Does it depend on the lender?An...
Lisa Ann
1031 mortgage port and tenants in common
Two questions about 1031 exchange:
1) We are interested in porting our existing mortgage to the new investment property as part of the 1031, is that allowed?
2) We (husband and I) are the owners of the first prope...
Kevin Kittilsen
Investing in the market I Build
I work for a custom design build firm. Many of our custom home projects are in a central down town area where we are demolishing existing older homes and building new homes on lots. I have purchased several properties...
Calvin Schmeling
Purchase Agreement Question
Do I need to include the legal description of the property in my PA Agreement in Wisconsin? Can I lock it in contract send it to the TC and find out later? How does that work?
Stephen Brown
Base Hit or Home Run
Curious to hear your thoughts BP. Would you go for a base hit on the MLS that you know exists right now, or would you wait and use your capital for an off-market deal down the road that may or may not happen?
Jake Emfinger
Quitclaim title transfers then FHA loan?
If I were to use quitclaim deeds to transfer the titles of a couple rentals I have to my LLC, could I then personally get an FHA loan? Or should I just refinance them under the LLC? If anyone has done something simila...
Devin Cook
Cash out refinance
Hello BP! Quick question, if I buy a duplex for $40,000 and put down $10,000 what will my cash out refinance be or if I choose to do a HELOC. Duplex appraised at $72,000. Thank you for all who reply..
Kevin Graham
Cash out refi to build a new house
I am looking to get cash out of a my primary residence to build a new house on the same property. I’ve looked at two lenders for a cash out refi, but am wondering if there are any creative options, and if there is any...
David Yusupov
Real Estate Friendly CPA in Atlanta
Hello! I am looking for a REI savvy and friendly CPA in Atlanta area. I'm new to real estate and planning to start on buy/hold/flip soon. Any recommendations are appreciated. Thanks,
Tanner K.
“Subject to” financing
Hey BP! How does subject to financing work? I know it’s where you take over the existing financing but what is the actual process? How can I explain it to a seller? Thanks!