Bob Milen
Refi - mom no income, don't want to co-sign
Hello all - I have enjoyed the wealth of knowledge associated with this website. I'm in an interesting situation and in need of a creative solution. My father owns a rental unit and a residential property. The rental ...
James Mamangun
I was told by the bank you can only have 4 mortgages.
Hello guys. Newbie here. The bank says I can only have 4 mortgages. Does this mean I can only have 4 rental properties? How can I have more than 4 properties? Do I form an LLC?
Alenea Thomas
When buying a property cash, what bank statements are required?
I am trying to purchase a home, which is foreclosed but also says is only selling for fractional ownership. It is listed for 10,000. I would like to make a higher offer for the entire property. The realtor told me tha...
Aaron Herrera
Getting into Real Estate as a College Student
I am a 20-year-old full-time college student in Los Angeles, about to receive my associate's degree, majoring in finance, and interested in getting into real estate. I wanted to learn the best way to get into this fie...
Matt Ides
Buy more properties or pay down mortgages?
Hi all,
My wife and I have been investing for a few years now. We are up to 17 units (8 properties) and are trying to decide if we should continue to buy more duplex/triplexes. We are buying and holding so that the c...
Josh Koett
Life Insurance- Return on Premium (ROP)
Hello BP Community, I took out a 30 Year Term, $100,000 policy with AAA Life Insurance. Right now I'm paying $36 a month. Presently I'm single, no kids and took out this policy at 31 years old and I've had it for a...
Meng W.
Long time tenant refuse to pay late fee
Hi everyone,Wonder if you can help me out here. Ny tenant who rented a floor in my housw for 6 years now. Her lease has been up for 4 years and i am not planning to renew it in any means. Her monthly rent payment is a...
Nori Sandoval
Best Way to Start Short Term Renting With an LLC ?
My husband and I would like to start doing Short Term and/or Mid Term Rentals. Could it be possible to open an LLC, and put some of the down payment with a business credit card? We have savings, but my husband is very...
Julius Dixon
Went to bank to get financing
I got advice from a family member to reach out to a bank and see what number they would “pre-qualify” me for on a loan. She’s super knowledgeable but not necessarily a property investor. Would this have been the first...
DJ Espiritu
New guy in Tacoma, WA
Hi everyone. I’ve been on and off studying the real estate game for about a year and a half now and decided it’s time to take some steps. I currently make about 40k right now and have about 13k saved up myself. Lookin...