This property is fully renovated bringing in 20k a year, it's currently under market rent value so the next investor I assign it to can increase the rent, up to market value.

Hello all,I recently filed for a new LLC in Michigan to hold investment properties under, and I'm currently in the process of looking for a bank to open a business checking account with.

But using a HELOC is a risk because a) the liability is against your primary residence and b) current interest rates on HELOCs, which typically adjust after the initial term, are anywhere from 8-12%.

Not currently working on a particular deal.

I only know about the times where this was found out prior to closing, obviously I have no way to know about the times this shady behavior wasn't found out.Since you get a vote in who this tenant is, and it's retail, PSA that commercial lenders (especially the ones offering the best terms...) are starting to vet deals by how 'recession proof' the tenants are, even if they are currently paying on time.

Should we sell the house for equity needed.We are in CA, I am co-signing my nephew’s home, currently paying $1500 mortgage monthly with 2.75% interest, it has 342K left on the loan.

I currently use a spreadsheet with some formulas built in but would love to hear what everyone else might be using.

We decided to halt all new loans with the borrower until current projects were completed and be repaid.In April, we sent counsel to the first hearing pertaining to code violations and began to learn of information that was contrary to the third-party inspection reports.

House built in 1925, are there any grandpa low to make it legal with the current height without digging-out basement?

Note that this change is ONLY for Fannie Mae loans currently.