Logan Hicks
I have Incredible cash flow, but HORRIBLE credit
What can I do?My scores are in the very high fives, to low 600s. I am officially paying off the last of my collections this thursday, and then Ill be collections free, and I can be debt free in less than 6 months afte...
Michael Plante
Anyone sell flips with owner finance?
I have 7 properties and they will all be ready at approx the same timeThey are all doublewides on 2 - 10 acres.Prices 150K to 300KThinking of selling with owner finance as I just don't want the headaches of renting.Lo...
Daniel Hart
I can't get bank loans, but I can get credit cards for a purchase... Should I?
I can no longer get bank loans since I am now a full time investor. I am toying with the idea of using credit cards to fund the purchase of some solid cash flow properties. I have one credit card that is at 6.9% Fix...
Kyle Manduch
Metro Detroit Investor Friendly Banks
Hello Fellow Michigan BP'ers!I need some help. I've combed through previous posts and found a few answers to my questions, but I would like to have a collaborative discussions with people successfully either BRRRR, o...
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quit claim property to an LLC
If a property that is owned under my name is quit claimed to an LLC that I have established do I destroy the protection that I am trying to get by having the property in an LLC?
Reading several books on real estate o...
Scott MacDonald
Advice on potential tenant with credit issues
Hi All,I was looking for some advice on a potential applicant I have for a property I am renting. I have received an application from two room mates and while one of them was clear the other has multiple collections o...
Jose Galvan
Investing in rental property while having an existing mortgage?
I’m looking into investing in my first rental property within the next year or so. Currently have about 15k saved. My DTI Ratio is about 30%. And I’m working on getting my Credit Score higher. Made some mistakes in th...
Erick Lee
Trouble refinancing due to Covid rules
My business partner and I have multiple multi family apartment buildings held as a General partnership. They are all cash flowing and we both have good credit scores and Good incomes. I am trying to refinance my Singl...
Brian Ashley Austin
I need a pulse check!!
Just got terms from our lender. Now I’m panicking. Monthly payments are much higher than previously thought. Is it time to pull out?
William Coet
What are Current Rates and Closing Costs For a Rental Mortgage?
Called a bank today and they are seeking 5.25% with $4,500 closing costs for a 90k loan on a rental with fewer than four units.Both the rate and the closing costs seem high.
What are others seeing these days?
Thank...