In general, what is the main reason for a commercial bank to keep up so much scrutiny on commercial loans? Is it mainly to pre-emptively take foreclosure action if a borrower is having financial problems? Or is it ...
I have a background in Accounting (CMA) but have been in the construction business (Building House as Owner Builder) and property management (I Manage 2 Multi Unit Apartment Complexes for a business associate). I have...
I have a client of 15 years who runs a route selling business for 40 years. Just today he asked if I knew of anyone who does business lending. He' looking to borrow $30,000 for 6 months at 25% to 30%. (he said he's ok...
I am in a unique situation in which prospective tenants reach out to me to find them a place to live and rent. More unique than just that but for the sake of the conversation and questions I need answers on, the above...
Background info: We currently own our house and a triplex in CA and 2 fourplexes in AZ, and we have some money saved up. We would like to get into the 5+ unit realm of investing, in another state. We plan to move...
For all you Landlords out there..
What are your thoughts on Section 8 properties?!
I had a friend that had a building with section 8 tenants and he loved the stability of the rent coming in.. but sure there is lots ...
Hi Everyone!I am planning to start a direct booking site for my short-term rentals. I have done some research but curious about the experience people here have had. 1. Have you gotten insurance similar to Air Cover fo...
Hello BP! I have a family member looking wanting to exit his corporate job and start investing in RE. He has $1m+ in his 401k. What are the best tax strategies to mitigate the tax burden and avoid the 10% hit on being...
I’m curious and wanna start up on house hacking
Hey BiggerPockets. I had a question here: I am newly getting into virtual wholesaling and I found a fixer-upper property in Idaho for $110k. If I called the landlord of that property and pitched a deal for around $90k...