Let's say, I were to cash out and refinance the property for $70,000 and the property is worth $100,000 dollars; at 70% ltv. Can I HELOC the rest or a certain percentage of the equity of the property or an identical l...
Reminder: professional credentials don't mean much if one doesn't specialize in real estate. Me and this colleague of mine have identical EA credentials... Same goes for the CPA credential.
Investment Info:
Large multi-family (5+ units) buy & hold investment.
Purchase price: $903,000
Cash invested: $328,000
I bought a 6 unit apartment complex using funds from a 1031 exchange. I purc...
I'm establishing a corp and wanted to ask about Land Trusts and the need for them.
So I'm still trying to wrap my mind around the concept of putting property into a trust and having an LLC be the beneficiary. As I understand it when the property is put into the land trust, a trustee has to be named ...
Rep. Ilhan Omar, D-Minnesota, introduced a bill in the U.S. House calling for a nationwide cancellation of rent and mortgage payments until the coronavirus pandemic has ended which also would include the creation of a...
City- Oak Park, MichiganPurchase- 85,000 from a wholesaler.Rehab- 26,000 plus 3,000 allocated company overheadARV- 180,000Rent- $1600/monthI'm very happy how this one turned out! I purchased it while rehabbing a nearl...
Hi Everyone,
I am a new member to BP from Orange County, CA. My husband and I established an LLC in 2012 but have suffered from "analysis paralysis" since then. Our goal for 2014 is to begin to build a port...
Hello BP. I have an apartment where the tenant of record died in July of 2021 but her unauthorized roommate continues to live there without paying rent. The original tenant's credit was bad so her mother signed as a...
It surprises me how little pushback I receive from rental applicants when I ask for their social security number on my rental application. While I take care to safeguard their information and destroy it when I'm done,...