Brandon Bellino
Advice on hard money for first flip
Hey! Hoping I can get some advice on using hard money for my first flip. I am 22, and about to graduate college. I have managed to save a little bit of money, at the end of the year when I graduate I will have between...
Joseph Grullon
Seller prospect willing to do a creative deal.
Meeting with a seller this week regarding a creative deal.Seller wants to sell his property to me, but in one year. In the meantime we spoke on the phone about a $15k deposit upfront to lock the property up this year....
Joseph Grullon
Seller prospect willing to do a creative deal.
Meeting with a seller this week regarding a creative deal.
Seller wants to sell his property to me, but in one year. In the meantime we spoke on the phone about a $15k deposit upfront to lock the property up this yea...
Cynthia Branch
HOA board installed solar screens without informing the owners ..
I have owned a condo in Plano, TX, for 15 years. The owners have always been responsible for the maintenance of the windows and screens and that is in the bylaws or in notices I've received. Last month the HOA board i...
Aisha M.
Affording closing costs
Hi BPers, I’m new here. I’m trying to buy a multifamily to househack but coming up short to meet closing costs under a conventional loan.
Is borrowing a couple grand from my 401k to afford closing costs a good idea...
Gonzalo Escobar
Anyone aware of national bank w/portfolio lending for 1-4unit?
I am in a unique position that I happen to be pretty cash wealthy right now, 325 and likely maybe close to 500+ within a year. Typicallly I try to reinvest quickly as I don't like having too much cash on hand. I was t...
Crystal Smith
Illinois House Judiciary Criminal Commitee
Just received an email today about a new law SB1547 which endorses the policy of imposing penalties on landlords for criminal conduct of tenants. The bill is being sold to legislators by its sponsors as a protection...
Julio Gonzalez
Temporary Moratorium on Employee Retention Tax Credits
The IRS has placed a temporary moratorium on the Employee Retention Tax Credits (ERTC) until 12/31/23 at a minimum. Hopefully this article answers some of the questions you may have.
Why did the IRS implement this pa...
Walter Moneypenny
Congress Banning SFR's
What are your thoughts? New legislation introduced in the House and Senate seems unconstitutional to me. Banning, fining or penalizing entities that own more than 100 rental homes is un-American. Do your own research ...
Kenneth Garrett
Commercial Mortgage and Personal Guarantee
I have a number of commercial loans for my rental properties. Since the loans are based on the investment and not so much on me personally what is the formula of the amount I can personally guarantee. It is a percen...