Rian Ash
Cash Positive Property- Can a company get mortgage?
Hi BP Experts,
I have been thinking of expanding my portfolio once I reach the limit for financing 10 properties and cannot get conventional financing rates. (Currently between my wife and I, we have 11 properties an...
Mike M.
Business names, credit, and NAICS codes
Looking for some input from those with practical experience in the topic, not a legal opinion. I've seen some reference to business names and NAICS codes that are more favorable for obtaining business credit. It is ...
Amy Lieu
Looking for Insight on Business Structure for a REI Company
I co-manage a small, family-owned real estate investment company that has four owners. For operational ease, our operating agreement states that I have the ability to be the sole signer on purchases and sales, among o...
Nate Bartlett
Recording a mortgage on seller finance deal.
I'll keep this short. I'm purchasing a property from a fried in Illinois (Cook County) using seller financing. Purchase Price: $54kDown Payment: $10k at closing, $3k in 6 monthsTerms: Remaining $41k amortized over 30 ...
Susan Steele
Good or bad time to start Loan signing career?
I bought a Loan signing course in October 2017. I'm measuring whether to start it this year. I am weighing a few options to pay down debt and save for property. With rates looking like they may be on the rise etc ( Sa...
Kenneth Burdick
No-cost refi with balance below $250k in CA
Hey there, so we owe about $215k on our primary residence in Southern Cal. Currently on a 15-year mortgage at 2.875%. I never thought I'd ever refinance, but now I hear commercials where they're advertising 30 years a...
Mark Cruse
LLC funding/credit
I'm attempting to build a pattern of good credit history so I could get loans in my company name. I assumed when I acquired a credit card in the business name it would be separate from my personal credit report; it wa...
Ahkeem Smith
Understanding BRRRR cash out/loan process
I planning to do my first BRRR strategy around next spring, but I wanted to make a few things clear first. I understand the basics up until after the refinance. Once we’re able to cash out after the new appraised amou...
Lane Kawaoka
Cashing out 401k loan
Has anyone cashed out their 401k? You would have to pay a 10% penalty plus you pay federal/state taxes. Any comments is it too risky or risky not to do it?
Susie C.
HML Math Question
Hi all! I had a question. From my understanding, most HML want you to have a financial stake. I've spoke to some via BP site and most want you to put down 20% of the purchase price of a home and they can front the ot...