Peter Grosso
Taking Cash out of a house before the 6 month mark
Hello all,
I put a new property in my wife's name instead of an LLC because I wanted to use her Great Credit and W2's before she leaves her Job to raise our daughter. However most banks want you to own the h...
Ian Salinas
Payoff line of credit?
I took out a $60k line of credit from my house to fund my first deal but I only used about $30k. With interest rates being so low, I’m looking into refinancing my home and taking cash out to pay off the line of credit...
Stanley Drew
Abuse of covid regulations
Dialysis Dr seems to be abusing the covid regulations. I would have dealt with him sooner, but had a partner prior to covid. He has used his security deposit and hasn't paid rent for January. His rent is always late o...
Matthew French
How to increase property count
Hello!I currently have one 4plex that I’ve had for about 14 months. I have saved up around $50,000 more dollars to use to invest into something else this spring. How should I best use that money to get into some more ...
Jonathan Tavarez
Why I wholesaled my parents house?
Wholesaling usually gets a pretty bad rap compared to other areas of the real estate world so I wanted to share a story that perfectly portrays the value of it and hopefully it will help other investors to understand ...
Dave Kapsack
Book Keeping For Long Distance BRRRR
Hope everyone out there is doing well and crushing deals. Looking at the potential of doing a Long Distance BRRRR. One property as of now, either SF or SMF. Financing 80% of the purchase and all of the rehab costs thr...
Christopher Mayer
Legal Advice on Owner Occupied MultiFamily
I am a NJ investor, relatively green, and am looking for guidance. Is it legal, as the owner, to occupy a renovated attic space in a multi family property that is not a classified as a unit? Both classified units have...
Jennifer A.
Inherited tenants and rental increases/property updates
We are about to close on a duplex with rents which are under market. Current tenants pay $750. If we did nothing to the property we could rent it for $900. If I did a bit of updating, I could rent the units for at ...
Rosston Smith
Lease Terms
I currently reside in Georgia. On the leases I will be inheriting, there isn't a renewal or extension clause. Does this mean they are completely expired and the leases are worthless?The leases I have were signed 2012 ...
Arnold B. Guerrero
Is ot possible to bundle multiple properties in HELOC
Good Evening everyone,
Is it possible to bundle properties for a HELOC?
My bank tells me they don’t know of any bank that does this. I have two properties in Cali that have about $170k in equity. THAT I LIKE TO USE T...