All Forum Posts by: Alex Barber

My first rental property has a 3 year ballon on it which occurs in a couple of months. I have the option of going back to the same bank. I wanted to shop the mortgage around a little bit. What do I need to do to pull some money out of the property to use as my next down payment?

It’s currently rented at $1600/ month and my mortgage is just over $400/month

Thanks for any advice or help!

My brother and I want to start a real estate business. He wants to be a silent partner while I do all the Managment aspects of it.

What would be a good way to split the business? We wanted to split the profits 50/50 and divide up the closing costs separately, but aren’t sure what a good split would be??

Also what steps do we need to take before we purchase our first house? Do we need to create a partnership or form a LLC??

Thank you