Dale Miller
Is a HELOC a good choice in todays....
Is a HELOC a good choice in today's market with such few supply and greater demand. the buyers with cash offers are usually the winning bidsWould probably give you a quicker transaction and more leverage when negotiat...
Chris Adams
Bank is offering me a guidance line for rental properties
I recently took on a 2nd bank to fund my buy and hold investments in SFR's. In my first meeting with the banker, I explained I had 1 home I was looking to finance that I owned outright, and I explained my plans to ...
Jesus Santoyo
Sewer Pipe broken
Hey guys,
Recently purchased a 3/1 sfh in Warren, MI it appraised great home inspection was good. However, fast forward a few weeks and now I am having sewer issues. I had a plumber do a full hydro jetting clean up a...
Zoe Lee
failed septic tank causing water backup and tenants vacating
We bought a multiplex earlier this year running on a septic system.
Something happened and caused the sewer water to backup into the units.
We have already ended the leases with the tenants. Right now in the
pro...
Jake Peetz
Multifamily Refinance/Consolidation of Renovation Debt
I am nearly complete with my first multifamily purchase and renovation. 12 unit in great area of Jacksonville, FL. I have seller financing on the purchase and funded the renovations through personal credit line that...
Andrew Martinez
Using a HELOC to purchase rental
I am under contract on my first property. I used my HELOC to put a down payment on that property and financed the rest. I have some HELOC left after the purchase. I have a few questions. 1. What should be my next step...
Adrian M
Line of Credit on Investment Property
Fellow Investors,
I'd like to obtain a line of credit against the equity in one of my investment properties. If you've pursued a line of credit against an investment property, could you please share your exp...
Account Closed
Tax Question: 2 Partnership returns? Can you split a 1099?
Hey all,Myself and 2 other partners had a great 2015 starting our rental property business! We have 5 properties all purchased in 2015. 4 Condos- 3 purchased in all 3 of our personal names, 1 purchased in a LLC with ...
Tyler McDaniel
Hard Money for Purchase Only?
Has anyone used a HML for the purchase only? I would rather pay for the rehab with my business lines of credit to save money. How would this affect the reserves they want me to have? Thanks in advance!
Tyler
Jake Seamons
credit advice
I have decent credit but avg age of credit accounts is not the best. I have purchased two new houses last year and refinanced two. I have a few really old credit cards that I closed a long time ago (stupid I know) I h...