Todd Carlson
Using Convenience Checks to offset credit balance
Hello Everyone!
I just got out of a Legacy education class and the instructor brought up the intetesting topic of convenience checks. He said you would write the convenience checks to yourself for the maximum amount...
Jane S.
Tenants have no bank accounts
I have a rental i just put on the market 5/2/1 2000 sq ft. It's the first time I am encountering applicants with very low credit scores, several children, and no bank accounts. 2 divorced women, 6 kids, no alimony, ve...
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Mortgage Company Blues
I paid off a mortgage in 05 (one year ago). About a month ago the mortgage company sent me a letter saying I owed them $1400 because they inadvertly applied someone elses payment to my account in 05. They said the p...
Rob Bianco
Down Payment Woes - Gifting Funds
My wife and I are newly wed and we're about to buy 3 properties. We applied for a mortgage in her name since she has a credit score in the mid-700's. Mine is in the mid-600's and I'm self-employed, so I figured it's j...
Natelya Glover
Property Management Software
Can anyone recommend a property management software/app that allows the tenant to pay rent and it is immediately deducted from their account?I currently use cozy which charges them a substantial fee and take a few day...
Brendon Kerrigan
Feedback on RentRedi
Hi BP Community,I am about to place my first tenant and I used the $1 trial with RentRedi, so I went through their application process, which was relatively easy, streamlined, and I did like it. However, now that I a...
DeMario Drummond
Buy and Hold for 2 years... Whats Next?
I backed into REI a little over 2 years ago. i chose the buy and hold method and i have no real complaints so far. Just looking for someone with more experience to give their opinion or tips. I have two single family ...
Clinton Holmes
Ideas on Creative Financing for a Real Estate Development Company
Hello fellow BPers!I've been working with a Real Estate Development start-up in Massachusetts (rehabbers) as a consultant. They have completed 2-3 projects, they have 3-4 that are currently active, and have 6-7 solid ...
Charles Stubblebine
HELOC
Who do you recommend to get a HELOC? I called USAA and they do not offer a HELOC at this time. The current lender on the SFH mortgage is Bank of America. I'm in Florida and the house is located in Delaware if that wou...
Louis Van Der Westhuizen
Taking equity out of an investment property
I'm new to investing (research/planning and learning phase) and I've heard that you can't get a HELOC on a second home/ investment property. How are investors taking cash out of their rentals to reinvest in other deal...