Account Closed
Philadelphia HELOC references? Recommendations?
Hey everyone!I am looking to start up a fix & flip business alongside my dad. Since my family's home where I grew up no longer has a mortgage, we were considering using a HELOC to cheaply start our fix & flip ...
Wendy N.
Negative Interest Rate Mortgage
Just saw this article and curious what folks think about this. Is this in the foreseeable future for the US?https://www.theguardian.com/money/2019/aug/13/danish-bank-launches-worlds-first-negative-interest-rate-mortga...
Laura Spaulding
Does this sound odd to anyone? Message from a lender
I have researched some previous posts about the Robert & Pamela Smith Investment LP. I saw that no one was funded and things seemed sketchy. They sent me a loan approval without really anything other than a one p...
Brett M.
What happens with "last months rent" if tenant resigns?
I had my tenants pay first and last months rent wen signing plus a security deposit.Their year is almost up and they would like to resign. I gave them notification that I will be raising rent on this new contract.Shou...
Sheldon Alex
Analyzing a Flip That Has Multiple Costs
Hey everyone. Here's a deal I'm going to break down pretty thoroughly on my process of evaluation. I got this deal from a connector within Gator. Before I looked at the deal, here's what I asked from him:
The purchas...
Robert Akens
Seeking investment partner
Not sure if many people agree with this method, but I am pursuing an investor whom is seeking a partner. I am a general contractor and am familiar with the physical aspects of home improvements. My problem comes with...
Phil Laundy
Burst water main advice
We have a duplex with two great tenants. 2 weeks ago both sides flooded due to broken water main in front yard. Of course it was my side of the meter so we paid about $2k to replace the entire run. Now the affected te...
Rebecca Lujan
How would you handle a request for extension on unsecured loan?
I loaned money out of my self directed IRA for an unsecured loan that the borrower did not pay by due date, which was yesterday, 2/1. I was the one who reached out to the borrow, and I did receive a response via text ...
Ben M.
Removing online payment after bounced payment
Hello All, is it common for property management companies to block tenants from paying online after they have a bounced payment? Why would they do this? Wouldn’t this just result in tenants even missing more payments ...
Timothy Douglas
Private Lending Mechanics
When do private lenders actually get paid? Say I want to buy a house that's worth 45000 to buy and hold. I need a 9000 dollar down payment. Let's say I get that from a private lender. When would they actually get that...