Chayson Descisciolo
Partnership Agreement/Contract for Buy & Hold Investments?
19 September 2018 | 8 replies
You should be going to an attorney and CPA and speaking with both professionals to make sure everything is done correctly from the beginning.I have seen quite a few boilerplate legal agreements from those online websites.. hate to tell you.. they are all terrible.
Jeremy A.
any lenders like help disabled vet refi cash out
12 September 2018 | 1 reply
im stuck on 3rd R of BRRRR.i bought triplex financed my downpayment and used total $45k to fix up now cant afford to refi cash out to repeat cause need 2-3 months of reserves ie $3500-4500 in personal not dba account. i only have dba and i spent it on fixing 3 unit and rehabbing my new personal residence. both have equity but no one wants do Heloc with me credit is 700. owe $79k on triplex ARV is eta $225k based on noi , gross rents $2995 net monthly is $1850, moved into 3 unit for 5 months while fixing then tried refi while living onsite but needed 1140 rent to meet debt 2 income ratio to buy primary residence and b4 moved out i tried refi via VA but told need make 6 payments first. so i hunt for portfolio lenders...no luck yet tried 4 in Maine. once moved out tried refi triolex conventionally with veterans unlimited, and quicken loans. both failed me on dumb minutiae wasted 3 months.now spent all my original financed money to fix up triplex and rest money to buy, move and rehabb my primary and now have no reserves. im living off my rent incomes. cant save up need buy 6-8 unit need 25% down plus rehab costs.sitting on 3 acre river front 1500 sqft camp with 2 barns 35ft from river that needs rehabbing but owe $52k ARV is $190k. holding is $550 month, needs $50k rehabb any lenders offer no reserves and 100% besides VA and no seasoning?
Jeremy Resmer
Rental Re-FI cash out on SFR below $50k value?
13 September 2018 | 3 replies
We can achieve great cap rates on properties that are in the 40-65k range, but notice most portfolio lenders don't go below a loan value of 50k typically (meaning total property value needs to be 72k and up).
Carlos Pena
Im searching for properties online
12 September 2018 | 3 replies
What does it mean what it says TRUST in front of the home owner name ?
Also when it says OWNERSHIP TYPE:
Ownership Type
Trustee/Conservator ?
Does this mean probate ?
Rich Hupper
FHA Loans for BRRRR strategy
9 January 2019 | 19 replies
It seems like the people in your situation probably were not totally honest with their lenders, which people do at times.
Zachary Sexton
Is BP too risky for 2018?
18 October 2018 | 20 replies
I've been around BP for years and I don't totally follow how they can say "BP's advice".
Ezekiel Cruz
Looking for Distressed/Fixer uppers/Handyman Lehigh Valley, PA
12 September 2018 | 2 replies
I have come across several online sites that charge for such listings.
Jay Nielsen
Electrical for Subdivision
1 October 2018 | 12 replies
(example: you might frint the cost for gas, but then enter into an agreement with the gas company to earn money back as new houses come on line and use gas).
Lazaro D Masot
Joining the ranks as a newbie investor from Miami, FL
13 September 2018 | 7 replies
I found and joined BiggerPockets as a Pro member just navigating online, looking for resources to learn, connect and to use the handful of tools they offer.
Nancy Roth
Terrible tragedy for Sec. 8 tenant: how to respond?
19 September 2018 | 24 replies
Later I saw in the Baltimore Sun online a news story about a funeral, and I recalled that limo.