All Forum Posts by: Anthony Freeman
Anthony Freeman has started 88 posts and replied 326 times.
Post: Contractors and their wages
- Posts 327
- Votes 63
Are contractor wages tax deductible?
Post: Seller financing steps
- Posts 327
- Votes 63
What are the steps to seller financing?
What happens if your equity partner falls off the face of the earth? Say he takes the mortgage out in his name.
Post: Liens on Property
- Posts 327
- Votes 63
How do lenders feel about first liens on properties in terms of refinancing?
Post: How many properties?
- Posts 327
- Votes 63
Quote from @Matthew Masoud:
Quote from @Anthony Freeman:
Quote from @Matthew Masoud:
36 units across 5 properties.
If you want to share how you did it feel free
BRRRRs mostly. Purchased distressed property, Fixed them up and got market rents. Refinanced or sold then bought more.
Post: How many properties?
- Posts 327
- Votes 63
Quote from @Alecia Loveless:
@Anthony Freeman 7 properties 25 units.
Congratulations are you a landlord?
Post: Refinancing with no W-2 income
- Posts 327
- Votes 63
Quote from @Carlos Ptriawan:
There's also equity company like prosper,etc that's willing to give you money but they would buy appreciation and there's baloon payment in 10-15 years or so.
Buy appreciation how so?
Post: Refinancing with no W-2 income
- Posts 327
- Votes 63
Quote from @Irina Belkofer:
And how it’s not fishy?
They stripe off elderly of their equity, their rates are borderline criminal - and on the primary residence?!?
The better have a license on that market because I can’t do even land contract on the primary residence without lending license.
I bet they will get some time in jail if some relatives of such older owner will sue them...
so, I stand corrected - it’s not fishy, it’s criminal.
What exactly are you referring to? What happened?
Post: Refinancing with no W-2 income
- Posts 327
- Votes 63
Quote from @Dave Skow:
@Anthony Freeman- thanks ..if property is a rental - try a DSCR loan ....or some lenders will allow use of the schd E rental income to be used to help offset the mtg payment on the home ....if you have other income - lenders may be able to use this ....consider getting a co borrower if needed
Sounds effective thank you
Post: Refinancing with no W-2 income
- Posts 327
- Votes 63
Quote from @John Morgan:
Quote from @Anthony Freeman:
Quote from @John Morgan:
Go with DSCR lenders. They don't care if you have a W2. If you have a pulse and it cash flows, they'll give you a cash out refi or a new loan. lol
Ok so there are effective solutions