Rich Somers
Need lender for small balance commercial loan that can move fast!
The underwriting team of a local bank I was working with in Louisville just gave me a "No" for a small balance commercial loan for a 5 unit that I currently have under contract. Unfortunately it took them 4 weeks to ...
Nick Matteson
Do you count the principal paydown portion of the mortgage payment as an 'expense' or 'income' or 'neutral' in your cash-flow analysis?
Isn't it just cash directly into your net worth?
When everyone talks about clearing $100 a month for their rentals are they counting principal paydown as part of income or expense?
Monica Kovalsky
Quickbooks Online for Rentals with Multiple LLCs
I recently converted to Quickbooks Online for 2 main reasons: 1) peace of mind in case my computer decides to crash 2) may eventually hire a virtual bookkeeper so thought online would be easier. I thought I could jus...
Carlos Webel
Owner financed offer and amortization schedule
Dear all,I’m working on a 3/2 SFR rental lead in Houston Metro area. Asking price is 175k$ and I’m coming back with the following 2 offers: a)160k$ cash, no contingenciesb)175k$ Owner financed with 40k$ down and 135k$...
Tracy Sharpe
The Interest Rate on your Investment can Make you or Break you
When my wife and I purchased 5 homes between 2005/2006, we knew that interest rates were important, but at that time, we were just happy that we could purchase 5 investment properties, especially when many people thou...
Bret N.
Personal Finance Statement Template For Bank Loan
Does anyone have a template they could share that encompasses rental income & also income derived from my company(which also comes from buying and selling homes as a Realtor) I am trying to give a to a bank for...
Stephen De George
Buying Condo as Primary Residence with plan to Rent Out
Hi guys,I am new to the Bigger Pockets Forum but have been listening to the podcast for over a year now. I am 27 years old and have been saving up to buy my first property. I have an accepted offer on a condo and my...
Cindy Schneider
Tenant backed out of lease 2 days after signing and paying
I'm a new landlord in Wisconsin and just signed on my first new renter on Saturday morning, he signed a 1 years lease, paid one month rent and security deposit, which was one months rent. Then he texted this morning t...
Jeet Sangha
Line of Credit On Rental Properties
Hello BP,I currently have 8 residential rental properties with approx $5M in equity. I do not want to refinance them because I have low interest rates on all. However, I do want to access my equity to purchase more pr...
Todd Moriarty
If I buy an apartment building, who keeps the cash reserves?
I'm looking at different buildings right now and was told by a reliable source that, if I buy the building, I get the owner's cash reserves. That doesn't sound right to me. I know I get the tenant's security deposit...