Hey BP, I'm not sure if this question has been posted before. But I'm in the midst of reading @Scott Trench's book "Set For Life" (awesome book btw). I'm at the part where he talks about "good debt" and "bad debt" and...
I was told today you can only have 4 mortgage loans in a person's name? Is this correct? Income and credit meet conv guidelines.
I'm about a week away from closing on a duplex which needs about $15K worth of rehab. I'm looking into SoFi's Personal Loans to help fund the rehab. I live in CA, and this duplex is a rental (i.e, for investment purpo...
I'll try to be as brief as possible. My business partner and I started a real estate investment business almost two years ago. We didn't want to use our own funds to invest so we used credit cards (10-15k) and a perso...
Hi, just over two months ago I closed on my first deal. Two bed two bath condo in downtown KC MO. I was able to buy at a small discount and quickly get it rented with a property manager and am cash flowing $170 a mo...
If you have a property (<4 units) that is under a personal conventional loan, but was quick deeded to a LLC (with two owners) at closing, what options are available when refinancing? Can you refinance the loan from...
Has anyone used an SBA loan to buy and reno a commercial property? I am looking at buying a 11,000 sq ft warehouse space in KC for around $190k that needs about 250k work to white box it. I already have a potential le...
Hey BP,Newbie here looking to close my first two deals on two buy and hold duplexes. Ran into a hiccup when lender initially told me they would finance 85% of the loan now has changed to 75% but I only took out money ...
I have a family member wanting to take out a loan for a residential home purchase and will pay interest on the loan. Should I fund the loan personally or through my real estate LLC for maximizing tax benefits?
Greetings,So myself and 3x other individuals plan to purchase 15x units together under a LLC. My question is should we each apply for personal loans using our individual 20% down payment for a small business loan then...