Steve Muise
HELP ! Cash out refi of rental with no mortgage in an LLC ?
Renting what was my primary home (no mortgage) after a move for wife's new job. I have $30k HELOC balance which will be paid off in 9 months.Because house is valued ~$400k, I decided to put in an LLC along with umbre...
Ben Capone
Tenant Not Paying Rent - Looking for Insight
I have a tenant that hasn't paid rent. This is my first time dealing with this problem and looking for some insight on what my options are. After talking with the tenant multiple times over the past month, it sounds l...
Nicolas Redhead
Deal going South, advice needed
Hi,
I am working on my first deal, the idea was to get the property under contract and do a back to back close with an end buyer who could handle the repairs. We got the property under contract for 57.5k and we are t...
Christine Kankowski
THis is a test - Woudl you rent to these tenants
3 applicants - 2 married, 1 individual.Applicant 1 - good credit, no income (wife doesnt work) good rental historyApplciant 2 - good income(verified with bank stmts) self employed trucking co, SS # provided comes up ...
Ron Gallagher
HELOC on an investment property
I am going to apply for a HELOC for an investment property I own free and clear and then do the B(A)RRRR strategy. I have learned that TD Bank, Wells Fargo, and PenFed CU all offer HELOCs on rental properties. Is an...
Alex Bekeza
Guy down the street goes to jail for $billion RE scam (SOCAL)
We used to see these guys in the same restaurants we'd hit on our lunch breaks on Ventura Blvd. Remain diligent on where your money is going!https://www.latimes.com/business/la-fi-shapiro-woodbridge-ponzi-arrested-20...
Craig Gerulski
Search Stayz Bookings
Hello Fellow BP Investors,
Has anyone heard of the company "Search Stayz"? This is the link to their website: https://searchstayz.com/
I had someone reach out to me about putting my properties on their site. I...
Jackie Smith
This company is MESSED UP
On or about February 1, 2020 we applied for business funding with Seek Capital LLC. Sergio spoke with us in detail and we asked him about the difference between a bank loan and the "revolving line of credit" being pre...
Ken Bernstein
Cash-out Refi Process
Hello BP Nation,
My partner and I recently closed on a hard money loan to acquire additional properties, and are now working on the exit strategy. We have been purchasing properties since 8/13 and now own 23...
Faisal Farnas
Seller Did a Bad Job Fixing a Leaky Roof
Hello Fellow BP'ers,I am looking for some advice on a situation I am having with a single family house I recently purchased.Here is the sequence of events:1- Got an inspection on the house. The inspection report menti...