Account Closed
Refinancing portfolio loan
How do lenders structure a refinance for a portfolio of loans? I understand that there are ways to either bundle it all into one loan? But you could also refinance it loan to house for each single property. Would you ...
Greg Lovern
Foreclosure auctions for 2nd mortgages
What happens when a home is sold at a judicial foreclosure auction for a 2nd mortgage? Is the buyer required to immediately pay off the 1st mortgage?If it depends on the locale, I'm interested in how it works in King ...
Brooke Morton
Partial Release of Land
Hi all! I own a cabin that sits on 1.5 acres. I am trying to do a partial release of 0.5 acre so that I can build a separate structure on that piece of land. The reason I need the partial release is that I intend to u...
Justin Jacobs
HELOC and Refiance Options
Hey everyone really need some help trying to bring my investment to a full time level. I own 3 units currently. I'm trying to get a HELOC on my 1st investment property after an appraisal I will have 80,000 available i...
Garrett Blanchard
Balance sheet structure
I need to build a balance sheet for my properties. What I have so far... Assets, cash and the properties. Liabilities, balances owed on properties, credit cards and lines of credit. Am I missing anything there? Also, ...
Hyeseong Park
Need cash out refi but don't have a good balance in bank acc, what should I do?
Need Cash Out Refi Loan Estimate (LE) without points. But for refi, I don't have a good balance in my bank account. Should I have at least $10,000 to do?The scenario is this below and it will be owned for 6 months whe...
Simon Cox
Account structure for property manager?
Hey everyone,I'm in the process of setting up a management agreement between myself and a fellow investor for a specific property. I needed some guidance as to the best way to set up the accounts related to the proper...
Lee V
PRINCIPLE REDUCTION
Please share any successful principle reduction situation you experienced. Is this really possible? Bringing down loan balance to current market value?
Lawrence Potts
Need Logistical Help Closing a Sub2 Deal
Good morning BP Family,I’m in negotiations with a listing agent on a property. I’m trying to figure out how this process would work to close. Here’s the situation:The property is a main primary with a converted baseme...
Ray G.
Operating Expense 1120s tax question
Quick question, if i have 10k of liabilities, how do i show that on my 1120s, specifically which line? It's an operating expense..