Jonathan Onny
Opening a checking account for multi family units
Should I open a business checking account before I purchase a rental property
Edem Dosseh
JV on a property but only 1 partner has their name on everything
Hi BP friends, just a quick question in an attempt to find a best course of action. My friend and I, purchase a property together a couple years back but for the simplicity of things at the time just have the loan und...
Tiago Martins
Is this mortgage fraud?
If a buyer is having a hard time getting a loan for a townhouse that a friend wants to sell for $51k, because the bank requires the loan to be at least $50k after 15-20% down, would it be okay for his friend (the sel...
Michael Naim
Private Money Loan Gone Bad!
Hello,I am an investor in the Los Angeles area and am looking for advice on a private money loan gone bad. Last year I was contacted by an investor who I was familiar with for a few years, bigger pockets member actua...
JR D.
HELOC if I already have a HEL?
I've tried to google this with little success. I have a mortgage and a home equity loan on my primary residence. For argument's sake, let's say I have a 220K mortgage and a 25K home equity loan (mtg at 3.75% for 24 mo...
King Phinyathanabat
Did I apply BRRR strategy wrong?!
I have 2 rental single family houses in Cincinnati that I own out right. One i have it for 2 yrs and 1 yr for another. I tried to apply for loans with assumption that i have 2 years of experience and I might be easier...
Rodney Buford
**Scam Alert** Kansas City Private Lender - Michael Treat
A gentlemen by the name of Michael Treat has joined many of the Kansas City real estate meetups (ie. Kansas City Real Estate Mentoring and Network Group) but he has joined all of local meetups and networking groups re...
Dean Suzuki
Where do folks put their emergency cash reserves?
Hi,
I have been reading the posts and have set aside money for an emergency funds for our rental properties. The funds are currently sitting in a bank savings account earning close to 0.01% interest. I am w...
Scott Hensley
16 Unit Evaluation - Cashflow w/ 100% financing?
BP Community,I am seeking information and guidance from the wealth of experience we have available here. I am fairly new to the real estate investing game and am constantly trying to learn more. Here is where I need...
Gail Shulski
PML Calculation for Interest payments and Payoff needed
I'm about to close a deal with a PML for $150,000, 12%, and 2 points. I'm going to pay interest only for 6 months and then a balloon payment of the balance on the 7th month (after I'm able to refinance with a traditi...