Kole Kingslien
Beginner in need of advice
Hello, I am new to biggerpockets and new to investing, and have some questions that hopefully someone can help me answer. First, a little bit about myself. I am 22 years old, recently married, and work a full ti...
Lisa Caro
LLC for purchasing bank notes - what state?
Hi everyone! I am currently forming a NM LLC, but live in NY. Let's say I purchase (performing or non performing) bank notes from a lender in Illinois. Do I then register my LLC in Illinois? I've looked for this i...
Nick Mast
Lending Suggestions for LLC
My partner and I are looking for viable solutions to our current obstacle. We formed an LLC for the protection that it offers us as individuals and also to have a binding agreement between us via our Operating Agreeme...
Taylor Harrison
First Multi- Family deal. Thoughts? Things to consider.
Hello. Looking at my first multi- unit. Here how it breaks down. Asking $52,000. 3 units. Two bedroom- $475/ mo. 1 bed $400/mo. Efficiency $200/mo. Rent=$1075 Those are current rents. Efficiency and 2 bed have long t...
Chris Lemons
Albany NY: Sell or Hold 4 - Family Unit
Hi all,I've been reading around BP for a while now but this is my first post. I am moving away from Albany within a year and am debating whether or not I should keep a 4-unit property I have. It is in a good neighborh...
Daniel Townsend
Private investor forms
I am new to REI and am scouting my first deal. I have a family member who could be a private investor. I’ve done some searching online and it looks like somehow I need to show the government this info so they can trac...
Benjamin Carter
Can I refinance a house that I own outright?
I am a 24 year old guy who is close to finishing up his first deal. I bought a house at a tax foreclosure auction with the intention of fixing it up and moving in with a roommate once it is finished. I am finally gett...
Oliver Trojahn
Tell me your thoughts on this Local Bank financing for rentals
I wanted to run these numbers by everyone on this forum to see if this local bank might be the way to go in lieu of conventional financing for our next purchase. There are both pro's and con's to what they can offer(...
Michael G.
Will lenders entertain a short sale if the homeowner is not behind on payments?
A seller called me saying she can't afford to pay for her primary residence anymore. She has a 1st with Chase and a 2nd with GMAC for a total of 450K. She'd be lucky to get 350K in this market. She's trying to determi...
Greg P.
How do you Rehab/Flip 20+ houses a year? Few questions please
Hello, I've been reading a few posts regarding rehabbing and I've read that a few members on here do more than 20+ houses a year. Are local banks financing a large amount of houses at one time? I don't think the hard...