Ryan Keenan
Switching to portfolio loans
Hi BP, was wondering how many people make the switch and not use all there 10 conventional loans and go straight to portfolio? I have 3 properties all in conventional but the process is slow and would like to go fast...
Michael Plaks
PPP rules for partnerships reversed on April 14
Today, 4/14/2020, the SBA issued their 3rd "Interim Final Rule" (what a name!) in 2 weeks, reversing the method of applying for PPP loans/grants for partnership.https://home.treasury.gov/system/files/136/Interim-Final...
Quinn Compton
Debt Will Always Outrun Income in DTI Ratio??
I have just been doing the number crunching on DTI Ratio going forward on these. How is it physically possible for someone to achieve 10 public mortgages? The DTI Ratio severely inflates because the income gained from...
Patrick Goswitz
good or bad deal?
I was thinking about owner financing a property to a buyer and I need some help to figure out if this is a good deal or not.I paid $235,000 for the home. Here would be the terms with the buyer:Sales Price: $315,000 (N...
Joe S.
Are 40 year Mortgages still in compliance with Dodd Frank?
Are 40 year Mortgages still in compliance with Dood Frank? I had a realtor contact me today in hopes that I could owner finance one of our properties to one of their clients. Their realtor was suggesting doing it on a...
Cody Richard
Best creative financing method for new investor?
Which method of creative financing is the best for a new investor? I'm sure it varies from person-to-person so I want to provide a few details of what I am looking for. Non-owner occupied loan that is either (1) a BRR...
Erin Estes
How to move out of my personal residence and keep it as a rental and purchase next house
"Property A" is my single family home that my family lives in. We bought it HUD owned in January 2013 with a VA and it has a 3.125% interest rate. It's also got about $60,000 +/- worth of equity in it. I could rent...
Mark S.
Paying LLC Attorney Fees/Costs - From Personal or LLC Account?
So, I finally decided to start an LLC. After much debate and discussion, I decided to use my local attorney to do it. I checked with a tax advisor and they said all the start up costs are tax deductible, which makes...
Christopher Murphy
Austin Lender Recommendations
Hi All,I have a partner looking to get pre-approved in Austin. Can we get a few lenders that those in the market can recommend that they had a good experience with? How many should he get pre-approved with...5 at leas...
Chris Hall
BRRRR'ing - How Tapping a Heloc Affects One's Credit Score
Hey everyone, I'm a fairly green buy and hold investor in Raleigh, NC with two deals done now (long term buy and holds, single family residences, very basic), and I'm looking to keep building my portfolio in the next ...