Amy D.
Help! Two foreigners trying to navigate LLCs in NYC!!
Hello all,My husband and I have signed contracts on an apartment in New York that we want to rent out. We are not resident in the US and are floundering somewhat in the legal and financial quagmires of the system. Des...
Terry Royce
HELOC vs Refinance
My fiance and I are looking to pull some money out of a house we just finished rehabbing to pay off some of the construction debt on 9mo no interest credit cards.
Its our primary residence. We have about 20-25k in de...
Jim Jack
Cooperative lease option assignment
Basic easy question, When doing a cooperative lease option I need to know the basic structure of how to assign the deal and who receives what kind of contracts ..... So from what I understand I find a motivated seller...
Luke Moses
Trademark Infringement Question
I just received a letter from Neal & McDevitt, intellectual & marketing attorneys. They say that my business name "Principal House Buyers, LLC" raises a likelihood of confusion for Principal Financial Service...
Layman Bennett
Local Bank Pre-Approval
I have read that hard money lenders need a conventional mortgage pre-approval before lending. What are some questions I need to ask local banks that they need for pre-approval letter (i.e. how long does the renter ne...
Bill Plymouth
Multi-Families on the MLS and the 1% rule
Hey everyone. I'm looking at multi-families on the MLS, but I'm a little confused. Some of the properties are going for 4-500k in my market, but they don't produce 4k a month in cashflow. When does the 1-2% rule co...
Bennett Dickerson
A Clarification About Cash on Cash Returns
I am just starting out and one of the first articles I have read in-depth was about cash on cash returns. The concept and calculation makes sense but I have one clarification.I was doing some calculations of my own, u...
Account Closed
moving to PA on paper but staying in NJ in order to get 5% down
im in north jersey and was thinking if this might be a good move. i would move to PA on paper changing all docs needed. I then will stay in NJ and work in NJ but would this allow me to buy a place putting 5% for livin...
Adam Harper
Fort Lauderdale short term rentals rules and regulations
Seriously thinking about getting a second home in Fort Lauderdale— enough that I cold-contact an agent and have her showing me about 20 properties last weekend. I'm from NYC and would live in this second home part-tim...
Alex Ng
Do we need loan insurance for Private Money
The Title says it all. Currently met lender who offers extremely good terms. 7% int only split over 2 years. He didn't ask for any upfront fees but does require payment for loan insurance. The loan insurance company ...