John Michael
HELOC terms from my local credit union. Any feedback?
Hello all,A real estate rookie here in the midst of a HELOC application at a local credit union. I've used this credit union before for other things and they are very reputable. There is something in the HELOC terms...
Christopher Griffith
Subject to real estate deal
good afternoon bigger pocketsCan you please help me with the following questions. What is a subject to real estate deal? When is a scenario when I would use a subject to real estate deal. How do I execute this subjec...
Tim Yang
Need help for the process of acquiring a rental property!
So I have the steps down to how to get a rental property from the "how to get a rental property in 90 days" video. I have applied to one lender to see if I can get pre-approved. So while I'm waiting, I am not sure i...
Michael Dunn
Pay down Credit Card debt, to Increase Loan amount ..........
Good EveningI need some help in figuring out what to do with paying off 2 credit cards, and by doing so.... Increasing the amount that I can borrow for the purchase of a property, by another $10,000 ( I came up with ...
Tyler Bobo
Tenant screening, do you consider debt to income?
If you want to see the monthly income of 3x the rental amount (or whatever your standards happen to be) do you ask what they owe and have monthly payments on? Obviously if their income is already "spoken for" and the...
Jessica Sultani
Is forming an LLC necessary
My husband and I want to start flipping houses. Do we need to form an LLC and operate as a business or can we just buy/fix/sell under our own names?
Michael Andrews
Reduced rent in exchange for lawn care
I am under contract on my first property, a 12 unit that is home to many retires and I was looking at ways to cut costs right off the bat and the dollar amount for lawn care sticks out like a sore thumb. Currently th...
Joe A.
Bought a house on a 2nd loan foreclosure
Hi all,
I am in california. Bought a house on a 2nd loan foreclosure. I got the deed from 2nd loan trustee.
I know that I have to payoff the 1st loan too. So, I found the bank and trustee for the 1st loan. Trustee g...
Mike Schorah
Why don't I ever hear about people losing money doing BRRRRs?
I always hear about people losing money flipping houses. Why don't I ever hear about people losing money doing BRRRRs?For instance, I've heard of people losing $5k-$70k on a flip sometimes, but I never hear of someone...
Patrick Milia
Sellers Credit when Selling Subject To
The answer seems obvious to me, but I'll ask the question anyway.
When a seller deeds their property to a buyer subject to the existing mortgage, that mortgage stays on the sellers credit report until the loan is pai...