Daniel Dietz
Lenders - How do I show interest in LLC on personal financials?
Hello, I have been working on coming up with a more accurate personal balance sheet (as have my two partners in my LLCs) and personal financial statements. One things we are a bit confused on is how to show the ass...
Daniel Hart
I can't get bank loans, but I can get credit cards for a purchase... Should I?
I can no longer get bank loans since I am now a full time investor. I am toying with the idea of using credit cards to fund the purchase of some solid cash flow properties. I have one credit card that is at 6.9% Fix...
Kevin W.
Seller Financing --> Refi Out
Hi BP!Longtime lurker, first time poster.I was wondering if anyone could answer my question.I wanted to buy a property via seller-financing. The asking price is very high considering the location, rents, and comps. So...
Vivek Jalahalli
Using Credit Card Balance Transfer as Down Payment
If I get balance transfer from 3 cards totally $30K and then add up my personal savings of $30K , totaling $60K to make a 20% downpayment for $300K rental investment.Does banks have problem providing mortgage loans ?...
Casey Mack
How to improve Credit Score from 600....
I havent had a credit card since college 8 years ago, I am a renter, and my score is 600 at last check. I don't really have any way for my credit to get better other than just wait it out.
How do I improve my score?...
Wendy Carpenter
Quarterly Financial Report for Bank?
I have a new(ish) commercial loan on a mini storage facility. I saw in my loan docs that I'm supposed to submit quarterly financial reports to them.Can someone help me figure out how to structure my report or what the...
Rich Hupper
Heloc and other mortgages
Hi I wanted to bring up a hypothetical scenario and get reader opinions on it. Suppose a have a large heloc on my primary residence. There is no other debt on that property and the heloc has zero balance. If I want to...
Tim Shaw
Include RE equity When balancing a portfolio?
Hi all,
I self-manage a “balanced” retirement trust portfolio for my wife and myself. The balanced portfolio is nothing too sexy, it just requires periodic rebalancing to keep investments in pre-planned proportions. ...
Cody L.
Odd accounting question - How to classify security deposit bonds
We work with a company that'll allow a tenant to buy a bond in place of paying for a deposit. Say you want to move in for as little as possible. Rent is $700/month. Since your credit sucks and you were evicted 16 m...
Michael Evans
Difference or benefit of making an extra mortgage payment
Hello BP,I have a question, is there any difference or benefit in making an extra mortgage payment monthly ($1,000) or just paying a large payment equivalent to 12 months ($12,000) at the end of the year? These are pa...